AudioEye (NASDAQ:AEYE – Get Free Report) had its price target boosted by B. Riley from $14.00 to $18.50 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 24.58% from the stock’s previous close.
A number of other equities research analysts have also recently commented on AEYE. Craig Hallum increased their target price on AudioEye from $10.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. HC Wainwright reiterated a “buy” rating and set a $17.00 target price on shares of AudioEye in a report on Wednesday.
View Our Latest Analysis on AudioEye
AudioEye Stock Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. On average, equities analysts forecast that AudioEye will post 0.01 EPS for the current year.
Institutional Investors Weigh In On AudioEye
A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. acquired a new position in shares of AudioEye, Inc. (NASDAQ:AEYE – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned about 0.17% of AudioEye as of its most recent SEC filing. 51.11% of the stock is owned by institutional investors and hedge funds.
About AudioEye
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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