AudioEye (NASDAQ:AEYE – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $17.00 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 14.48% from the company’s previous close.
Other research analysts also recently issued reports about the company. Craig Hallum boosted their target price on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. B. Riley boosted their target price on AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.
Read Our Latest Stock Analysis on AEYE
AudioEye Trading Up 2.9 %
AudioEye (NASDAQ:AEYE – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. On average, sell-side analysts expect that AudioEye will post 0.01 earnings per share for the current year.
Institutional Trading of AudioEye
An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. purchased a new position in AudioEye, Inc. (NASDAQ:AEYE – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 0.17% of AudioEye at the end of the most recent quarter. 51.11% of the stock is currently owned by institutional investors.
AudioEye Company Profile
AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.
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