Audioeye (NASDAQ:AEYE) Chairman David Moradi Sells 100,845 Shares of Stock

by · The Markets Daily

Audioeye, Inc. (NASDAQ:AEYE – Get Free Report) Chairman David Moradi sold 100,845 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85. Following the completion of the sale, the chairman directly owned 1,848,762 shares in the company, valued at $25,013,749.86. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $528,746.40.
  • On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The stock was sold at an average price of $13.48, for a total transaction of $505,284.32.

Audioeye Stock Up 1.8%

AEYE stock traded up $0.24 during mid-day trading on Tuesday, hitting $13.59. 318,094 shares of the company were exchanged, compared to its average volume of 174,102. The firm has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $7.16. The company has a market capitalization of $172.46 million, a PE ratio of -56.62 and a beta of 0.84. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $15.32. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 3.03.

Audioeye (NASDAQ:AEYE – Get Free Report) last issued its earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.96 million for the quarter, compared to analyst estimates of $10.94 million. On average, research analysts forecast that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Audioeye

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in shares of Audioeye by 481.3% during the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock worth $978,000 after purchasing an additional 127,126 shares during the period. Renaissance Technologies LLC lifted its position in shares of Audioeye by 1,071.0% in the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock worth $798,000 after buying an additional 114,600 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Audioeye in the 2nd quarter valued at about $462,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye in the 2nd quarter valued at about $206,000. Finally, Focus Financial Network Inc. boosted its holdings 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 buying an additional 32,270 shares during the period. Institutional investors own 51.11% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Audioeye

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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