Analysts Set Audioeye, Inc. (NASDAQ:AEYE) PT at $20.67

Audioeye, Inc. (NASDAQ:AEYE) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.6667.

Several equities research analysts recently weighed in on the stock. Roth Mkm reiterated a “buy” rating on shares of Audioeye in a research note on Tuesday, January 13th. HC Wainwright set a $18.00 price target on Audioeye and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Needham & Company LLC restated a “buy” rating on shares of Audioeye in a research report on Wednesday, November 5th.

Hedge Funds Weigh In On Audioeye

Several institutional investors have recently modified their holdings of the company. Arcadia Wealth Management Inc. increased its holdings in shares of Audioeye by 33.8% in the 4th quarter. Arcadia Wealth Management Inc. now owns 63,351 shares of the company’s stock worth $633,000 after acquiring an additional 16,000 shares during the period. TCI Wealth Advisors Inc. bought a new position in Audioeye in the 4th quarter worth about $229,000. Skylands Capital LLC increased its stake in shares of Audioeye by 43.6% in the fourth quarter. Skylands Capital LLC now owns 133,250 shares of the company’s stock valued at $1,331,000 after purchasing an additional 40,476 shares during the period. Prelude Capital Management LLC acquired a new position in shares of Audioeye during the third quarter worth approximately $544,000. Finally, Cannell Capital LLC bought a new position in Audioeye in the 3rd quarter worth approximately $544,000. Institutional investors own 51.11% of the company’s stock.

Audioeye Stock Down 6.7%

AEYE stock opened at $7.00 on Friday. The firm has a market cap of $86.93 million, a price-to-earnings ratio of -25.00 and a beta of 0.62. Audioeye has a 1-year low of $6.89 and a 1-year high of $18.44. The firm has a fifty day moving average price of $10.12 and a two-hundred day moving average price of $11.96. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.00 and a quick ratio of 1.00.

Audioeye Company Profile

AudioEye, Inc is a provider of digital accessibility solutions, offering software and services designed to help organizations ensure their online properties comply with Web Content Accessibility Guidelines (WCAG), the Americans with Disabilities Act (ADA) and other global accessibility standards. Through its cloud-based platform, the company automates the detection and remediation of accessibility barriers in websites, mobile applications and multimedia content.

The company’s flagship AEYE Platform leverages machine learning, artificial intelligence and human validation to continuously scan digital assets, identify potential compliance issues and deploy corrective overlays or code adjustments.