Audioeye (NASDAQ:AEYE) Director James Hawkins Purchases 6,000 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins acquired 6,000 shares of Audioeye stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $11.90 per share, for a total transaction of $71,400.00. Following the purchase, the director directly owned 160,850 shares in the company, valued at $1,914,115. The trade was a 3.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Audioeye Stock Up 1.6%

AEYE traded up $0.19 during trading on Friday, hitting $11.99. The company had a trading volume of 66,233 shares, compared to its average volume of 126,307. The company has a market capitalization of $148.90 million, a PE ratio of -35.26 and a beta of 0.64. Audioeye, Inc. has a one year low of $8.91 and a one year high of $28.50. The firm’s 50-day moving average price is $13.79 and its 200 day moving average price is $12.70. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.74.

Audioeye (NASDAQ:AEYE) last released its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. Audioeye had a negative net margin of 10.88% and a positive return on equity of 32.90%. The business had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.26 million. Audioeye has set its Q4 2025 guidance at 0.210-0.230 EPS. FY 2025 guidance at 0.720-0.730 EPS. As a group, equities analysts expect that Audioeye, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Audioeye

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Audioeye during the 3rd quarter worth $26,000. US Bancorp DE grew its position in shares of Audioeye by 3,634.2% in the 1st quarter. US Bancorp DE now owns 2,950 shares of the company’s stock worth $33,000 after buying an additional 2,871 shares during the last quarter. CWM LLC lifted its holdings in Audioeye by 74.0% in the first quarter. CWM LLC now owns 4,870 shares of the company’s stock worth $54,000 after buying an additional 2,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Audioeye by 19.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock worth $54,000 after acquiring an additional 806 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Audioeye in the 3rd quarter worth about $80,000. Institutional investors own 51.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Audioeye from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Needham & Company LLC reissued a “buy” rating on shares of Audioeye in a report on Wednesday, November 5th. Finally, B. Riley reduced their price target on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Audioeye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.