Q4 2024 Earnings Estimate for AudioEye, Inc. (NASDAQ:AEYE) Issued By B. Riley

AudioEye, Inc. (NASDAQ:AEYE) – Investment analysts at B. Riley upped their Q4 2024 EPS estimates for AudioEye in a note issued to investors on Tuesday, April 23rd. B. Riley analyst Z. Cummins now expects that the company will earn $0.04 per share for the quarter, up from their prior forecast of $0.02. B. Riley currently has a “Buy” rating and a $18.50 target price on the stock. The consensus estimate for AudioEye’s current full-year earnings is $0.01 per share.

A number of other equities analysts also recently commented on AEYE. Craig Hallum lifted their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. HC Wainwright reissued a “buy” rating and issued a $17.00 price target on shares of AudioEye in a research note on Wednesday.

AudioEye Price Performance

Shares of AEYE stock opened at $14.29 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day moving average is $9.85 and its two-hundred day moving average is $6.49. AudioEye has a 12 month low of $3.75 and a 12 month high of $16.22. The company has a market capitalization of $166.62 million, a PE ratio of -36.64 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last issued its earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. AudioEye had a negative net margin of 14.83% and a negative return on equity of 12.39%. The company had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million.

Institutional Investors Weigh In On AudioEye

A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. acquired a new stake in AudioEye, Inc. (NASDAQ:AEYE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned approximately 0.17% of AudioEye as of its most recent filing with the Securities & Exchange Commission. 51.11% of the stock is currently owned by institutional investors.

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.