Audioeye (NASDAQ:AEYE) Chairman Sells 37,484 Shares of Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 37,484 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $13.48, for a total transaction of $505,284.32. Following the transaction, the chairman owned 1,811,278 shares of the company’s stock, valued at $24,416,027.44. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

David Moradi also recently made the following trade(s):

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was sold at an average price of $13.45, for a total transaction of $528,746.40.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85.

Audioeye Price Performance

Shares of NASDAQ AEYE traded up $0.24 on Tuesday, hitting $13.59. The company’s stock had a trading volume of 318,094 shares, compared to its average volume of 174,102. Audioeye, Inc. has a 12-month low of $5.31 and a 12-month high of $15.32. The company has a market capitalization of $172.46 million, a price-to-earnings ratio of -56.62 and a beta of 0.84. 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 stock has a 50 day moving average of $7.78 and a 200-day moving average of $7.16.

Audioeye (NASDAQ:AEYE) last released its quarterly earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. The business had revenue of $10.96 million for the quarter, compared to analyst estimates of $10.94 million. As a group, research analysts predict that Audioeye, Inc. will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new position in Audioeye in the 2nd quarter valued at about $79,000. Compass Financial Management LLC acquired a new stake in shares of Audioeye during the 2nd quarter worth about $55,000. Globeflex Capital L P purchased a new stake in shares of Audioeye during the second quarter worth about $462,000. Bank of New York Mellon Corp purchased a new stake in shares of Audioeye during the second quarter worth about $206,000. Finally, Focus Financial Network Inc. raised its position in shares of 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 buying 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.