Insider Buying: Audioeye (NASDAQ:AEYE) Director Purchases 3,000 Shares of Company Stock

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins purchased 3,000 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was acquired at an average price of $12.34 per share, with a total value of $37,020.00. Following the completion of the acquisition, the director directly owned 221,684 shares in the company, valued at $2,735,580.56. The trade was a 1.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Audioeye Trading Up 18.3%

AEYE stock traded up $2.18 on Thursday, hitting $14.12. 928,290 shares of the company were exchanged, compared to its average volume of 169,907. The company has a debt-to-equity ratio of 4.83, a current ratio of 1.06 and a quick ratio of 1.06. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $16.39. The stock has a market capitalization of $177.49 million, a price-to-earnings ratio of -58.83 and a beta of 0.84. The business’s fifty day moving average is $7.39 and its two-hundred day moving average is $7.10.

Audioeye (NASDAQ:AEYE) last posted its earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Audioeye had a negative net margin of 10.92% and a positive return on equity of 121.59%. The firm had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.94 million. As a group, research analysts forecast that Audioeye, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on AEYE shares. Weiss Ratings restated a “sell (e+)” rating on shares of Audioeye in a report on Friday, August 7th. Wall Street Zen upgraded shares of Audioeye from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.62.

Institutional Investors Weigh In On Audioeye

A number of hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new position in shares of Audioeye in the second quarter valued at approximately $79,000. Compass Financial Management LLC acquired a new position in Audioeye during the 2nd quarter worth $55,000. Globeflex Capital L P bought a new position in Audioeye in the 2nd quarter valued at $462,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye during the second quarter valued at $206,000. Finally, Focus Financial Network Inc. boosted its holdings 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 acquiring an additional 32,270 shares during the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

Audioeye Company Profile

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.