Audioeye, Inc. (NASDAQ:AEYE – Get Free Report) Chairman David Moradi sold 100,845 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $13.53, for a total value of $1,364,432.85. Following the completion of the sale, the chairman directly owned 1,848,762 shares of the company’s stock, valued at $25,013,749.86. The trade was a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
David Moradi also recently made the following trade(s):
- On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The shares were sold at an average price of $13.45, for a total value of $528,746.40.
- On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The shares were sold at an average price of $13.48, for a total value of $505,284.32.
Audioeye Stock Up 1.8%
Audioeye stock traded up $0.24 during midday trading on Tuesday, hitting $13.59. 318,094 shares of the company were exchanged, compared to its average volume of 174,102. The company’s fifty day moving average price is $7.78 and its 200-day moving average price is $7.16. The company has a market cap of $172.46 million, a PE ratio of -56.62 and a beta of 0.84. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.06. Audioeye, Inc. has a fifty-two week low of $5.31 and a fifty-two week high of $15.32.
Audioeye (NASDAQ:AEYE – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. The firm had revenue of $10.96 million during the quarter, compared to analysts’ expectations of $10.94 million. On average, research analysts predict that Audioeye, Inc. will post 0.64 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AEYE. Wall Street Zen upgraded shares of Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.62.
Get Our Latest Stock Report on AEYE
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AEYE. Compass Financial Management LLC acquired a new stake in Audioeye during the 2nd quarter valued at approximately $55,000. Abel Hall LLC acquired a new position in shares of Audioeye in the 1st quarter valued at approximately $75,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye in the 2nd quarter valued at approximately $79,000. Focus Financial Network Inc. raised its position in shares of Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock valued at $713,000 after purchasing an additional 32,270 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Audioeye in the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.
About Audioeye
AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.
The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.
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