Audioeye, Inc. (NASDAQ:AEYE – Get Free Report) Director James Hawkins acquired 4,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was acquired at an average price of $13.15 per share, with a total value of $52,600.00. Following the transaction, the director directly owned 225,684 shares of the company’s stock, valued at $2,967,744.60. This represents a 1.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Audioeye Price Performance
Shares of NASDAQ AEYE opened at $13.59 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.23 and a current ratio of 1.23. Audioeye, Inc. has a one year low of $5.31 and a one year high of $15.32. The firm has a market capitalization of $172.46 million, a P/E ratio of -56.62 and a beta of 0.77. The company’s fifty day moving average is $7.90 and its two-hundred day moving average is $7.18.
Audioeye (NASDAQ:AEYE – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. The firm had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. Analysts forecast that Audioeye, Inc. will post 0.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in AEYE. Compass Financial Management LLC purchased a new position in Audioeye in the second quarter valued at approximately $55,000. Abel Hall LLC purchased a new position in Audioeye in the 1st quarter valued at about $75,000. Engineers Gate Manager LP purchased a new position in Audioeye in the 2nd quarter valued at about $79,000. Bank of New York Mellon Corp acquired a new stake in shares of Audioeye during the second quarter valued at about $206,000. Finally, Globeflex Capital L P acquired a new stake in shares of Audioeye during the second quarter valued at about $462,000. 51.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AEYE has been the subject of several research analyst reports. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Audioeye currently has an average rating of “Moderate Buy” and a consensus target price of $14.62.
Get Our Latest Analysis on AEYE
Key Stories Impacting Audioeye
Here are the key news stories impacting Audioeye this week:
- Positive Sentiment: AudioEye’s third-quarter adjusted EBITDA increased 58% year over year to $3.9 million. The company also launched a $15 million share-repurchase program running through October 2027, potentially supporting earnings per share and share demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The insider purchase may signal confidence in the company. SEC filing
- Neutral Sentiment: A Zacks report cited analyst earnings-estimate revisions and a mean price-target-implied upside of 33%. The report cautions that price targets are not consistently reliable indicators. Article: Does AudioEye Have the Potential to Rally?
- Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions dated October 30 through November 3, receiving about $2.4 million. He still directly owned 1,771,966 shares after the latest sale, but the consecutive disposals could create a near-term headwind for sentiment. SEC filing
Audioeye Company Profile
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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