Audioeye (NASDAQ:AEYE) Chairman Sells $528,746.40 in Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 39,312 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $13.45, for a total transaction of $528,746.40. Following the completion of the transaction, the chairman owned 1,771,966 shares in the company, valued at $23,832,942.70. This represents a 2.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $505,284.32.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The stock was sold at an average price of $13.53, for a total value of $1,364,432.85.

Audioeye Price Performance

Shares of NASDAQ AEYE opened at $12.06 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03. Audioeye, Inc. has a fifty-two week low of $5.31 and a fifty-two week high of $14.68. The business has a 50 day moving average price of $8.11 and a two-hundred day moving average price of $7.21. The firm has a market cap of $153.04 million, a PE ratio of -50.25 and a beta of 0.77.

Audioeye (NASDAQ:AEYE) last released its 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. The company had revenue of $10.96 million during 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%. Sell-side analysts expect that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEYE. 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 report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Audioeye presently has a consensus rating of “Moderate Buy” and an average target price of $14.62.

Institutional Trading of Audioeye

A number of large investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new position in Audioeye in the 2nd quarter worth approximately $55,000. Abel Hall LLC bought a new position in shares of Audioeye in the first quarter worth $75,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye during the second quarter valued at $79,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye during the second quarter valued at $206,000. Finally, Globeflex Capital L P acquired a new position in shares of Audioeye during the second quarter valued at $462,000. 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.