Insider Buying: Audioeye (NASDAQ:AEYE) Director Acquires $37,020.00 in Stock

by · The Cerbat Gem

Audioeye, Inc. (NASDAQ:AEYE – Get Free Report) Director James Hawkins bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average price of $12.34 per share, for a total transaction of $37,020.00. Following the completion of the purchase, the director owned 221,684 shares in the company, valued at $2,735,580.56. The trade was a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Audioeye Trading Down 7.7%

Shares of NASDAQ:AEYE opened at $13.03 on Friday. The business’s 50-day moving average is $7.65 and its 200 day moving average is $7.14. Audioeye, Inc. has a 1 year low of $5.31 and a 1 year high of $16.39. The firm has a market capitalization of $165.35 million, a P/E ratio of -54.29 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 (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.94 million. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. On average, research analysts predict that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AEYE has been the subject of several research analyst reports. Wall Street Zen raised shares of Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Audioeye has an average rating of “Moderate Buy” and a consensus price target of $14.62.

Check Out Our Latest Stock Analysis on AEYE

Hedge Funds Weigh In On Audioeye

Several hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in Audioeye during the 2nd quarter worth about $55,000. Abel Hall LLC purchased a new stake in Audioeye during the 1st quarter valued at about $75,000. Engineers Gate Manager LP purchased a new stake in Audioeye during the 2nd quarter valued at about $79,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye in the second quarter valued at about $206,000. Finally, Globeflex Capital L P acquired a new position in shares of Audioeye in the second quarter valued at about $462,000. 51.11% of the stock is owned by institutional investors and hedge funds.

About Audioeye

(Get Free Report)

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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