Audioeye (NASDAQ:AEYE) Stock: Insider James Hawkins Purchases 3,000 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins purchased 3,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was purchased at an average price of $12.34 per share, with a total value of $37,020.00. Following the transaction, the director owned 221,684 shares of the company’s stock, valued at approximately $2,735,580.56. This represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Audioeye Stock Down 7.7%

AEYE stock opened at $13.03 on Friday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.06. The company’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $7.14. Audioeye, Inc. has a 12 month low of $5.31 and a 12 month high of $16.39. The firm has a market capitalization of $165.35 million, a PE ratio of -54.29 and a beta of 0.84.

Audioeye (NASDAQ:AEYE) last announced its earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $10.94 million. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. Equities analysts expect that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AEYE has been the subject of several recent analyst reports. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.62.

Institutional Investors Weigh In On Audioeye

Large investors have recently modified their holdings of the stock. Sei Investments Co. grew its position in Audioeye by 481.3% in the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock valued at $978,000 after acquiring an additional 127,126 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Audioeye by 1,071.0% during the first quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock valued at $798,000 after purchasing an additional 114,600 shares during the period. Focus Financial Network Inc. lifted its position in shares of Audioeye by 35.7% during the second quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock worth $713,000 after purchasing an additional 32,270 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Audioeye during the second quarter worth $462,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Audioeye during the second quarter worth $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

About Audioeye

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.