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

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 100,845 shares of the stock in a transaction on 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 transaction, the chairman 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 transaction was disclosed in a document filed with the SEC, 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 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 transaction of $505,284.32.

Audioeye Price Performance

NASDAQ AEYE opened at $13.59 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03. The company has a market cap of $172.46 million, a PE ratio of -56.62 and a beta of 0.77. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $15.32. The firm’s 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $7.18.

Audioeye (NASDAQ:AEYE) last posted its 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. 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 during the quarter, compared to the consensus estimate of $10.94 million. Research analysts predict that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Institutional Trading of Audioeye

Large investors have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new position in shares of Audioeye during the second quarter worth about $79,000. Compass Financial Management LLC bought a new position in shares of Audioeye in the second quarter worth approximately $55,000. Globeflex Capital L P purchased a new stake in Audioeye in the second quarter valued at approximately $462,000. Bank of New York Mellon Corp purchased a new stake in Audioeye in the second quarter valued at approximately $206,000. Finally, Focus Financial Network Inc. raised its stake in Audioeye by 35.7% in the second 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. Institutional investors own 51.11% of the company’s stock.

Analyst Ratings Changes

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

Trending Headlines about 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

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.