Audioeye (NASDAQ:AEYE) Chairman David Moradi Sells 22,359 Shares of Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 22,359 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $12.72, for a total transaction of $284,406.48. Following the completion of the sale, the chairman directly owned 1,749,607 shares of the company’s stock, valued at approximately $22,255,001.04. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The shares were sold at an average price of $13.45, for a total transaction of $528,746.40.
• On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The shares were sold at an average price of $13.48, for a total transaction of $505,284.32.
• 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 Trading Up 2.6%

AEYE stock traded up $0.31 during trading on Friday, reaching $12.37. The company had a trading volume of 171,785 shares, compared to its average volume of 175,570. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $14.68. The company has a market cap of $156.98 million, a P/E ratio of -51.54 and a beta of 0.77. The business has a 50 day moving average of $8.11 and a 200 day moving average of $7.21. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.23.

Audioeye (NASDAQ:AEYE) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. As a group, sell-side analysts forecast that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEYE shares. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Audioeye currently has a consensus rating of “Moderate Buy” and an average target price of $14.62.

Hedge Funds Weigh In On Audioeye

A number of hedge funds have recently modified their holdings of AEYE. R Squared Ltd purchased a new stake in shares of Audioeye in the third quarter worth $71,000. Engineers Gate Manager LP purchased a new position in shares of Audioeye during the 2nd quarter valued at $79,000. Compass Financial Management LLC purchased a new position in shares of Audioeye during the 2nd quarter valued at $55,000. Globeflex Capital L P purchased a new position in shares of Audioeye during the 2nd quarter valued at $462,000. Finally, Bank of New York Mellon Corp bought a new position in Audioeye in the 2nd quarter worth $206,000. 51.11% of the stock is currently owned by institutional investors.

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.