AudioEye (NASDAQ:AEYE) Stock Rating Reaffirmed by HC Wainwright

AudioEye (NASDAQ:AEYE)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $17.00 target price on the stock. HC Wainwright’s target price suggests a potential upside of 26.11% from the stock’s previous close.

AEYE has been the topic of several other research reports. Craig Hallum lifted their price target on shares of AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. B. Riley lifted their price target on shares of AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th.

AudioEye Trading Up 13.8 %

NASDAQ AEYE opened at $13.48 on Wednesday. AudioEye has a 12 month low of $3.75 and a 12 month high of $15.31. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.00. The company’s 50 day simple moving average is $9.32 and its 200 day simple moving average is $6.30.

AudioEye (NASDAQ:AEYE) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. On average, analysts anticipate that AudioEye will post 0.01 EPS for the current year.

Institutional Investors Weigh In On AudioEye

An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. bought a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 0.17% of AudioEye as of its most recent SEC filing. 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.