AudioEye, Inc. (NASDAQ:AEYE) Receives Average Rating of "Buy" from Brokerages

Market Beat
2025.04.18 05:50
portai
I'm PortAI, I can summarize articles.

AudioEye, Inc. (NASDAQ:AEYE) has received a consensus "Buy" rating from six brokerages, with an average 12-month price target of $26.10. Five analysts rated it as a buy, while one assigned a strong buy. Recent insider trading saw Director James B. Hawkins purchase 13,300 shares at $15.39 each. Institutional investors hold 51.11% of the stock. As of Thursday, shares opened at $11.54, with a 50-day moving average of $12.87 and a 200-day average of $18.31. The company has a market cap of $143.25 million and offers software for accessible digital content distribution.

Shares of AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) have received a consensus recommendation of "Buy" from the six ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $26.10.

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of AudioEye in a research report on Wednesday, April 2nd. HC Wainwright dropped their price target on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, March 13th.

Get Our Latest Stock Report on AudioEye

Insiders Place Their Bets

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the purchase, the director now directly owns 114,382 shares of the company's stock, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 40.70% of the company's stock.

Institutional Trading of AudioEye

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. bought a new stake in shares of AudioEye during the 4th quarter valued at $3,802,000. Hood River Capital Management LLC purchased a new position in AudioEye during the fourth quarter valued at $3,739,000. Formula Growth Ltd. bought a new stake in AudioEye during the fourth quarter valued at about $1,977,000. Northern Trust Corp increased its position in AudioEye by 23.3% in the fourth quarter. Northern Trust Corp now owns 82,837 shares of the company's stock worth $1,260,000 after buying an additional 15,648 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of AudioEye in the fourth quarter worth about $1,011,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

AudioEye Price Performance

Shares of NASDAQ AEYE opened at $11.54 on Thursday. The company has a 50 day moving average of $12.87 and a 200 day moving average of $18.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye has a twelve month low of $8.91 and a twelve month high of $34.85. The firm has a market cap of $143.25 million, a P/E ratio of -42.74, a PEG ratio of 2.03 and a beta of 1.39.

About AudioEye

(Get Free Report

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.

Featured Articles

  • Five stocks we like better than AudioEye
  • CD Calculator: Certificate of Deposit Calculator
  • Viking Therapeutics Stock Pops But Struggles to Hold Gains
  • ETF Screener: Uses and Step-by-Step Guide
  • Qualcomm Stock Just Earned a Fresh Buy Rating—Get Excited
  • Top Biotech Stocks: Exploring Innovation Opportunities
  • Meta Stock Holds Upside Potential as Analysts Cut Price Targets

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in AudioEye Right Now?

Before you consider AudioEye, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AudioEye wasn't on the list.

While AudioEye currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source: Market Beat The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.