Audioeye (NASDAQ:AEYE) Stock: Insider James Hawkins Purchases 3,000 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins bought 3,000 shares of Audioeye stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $12.77 per share, with a total value of $38,310.00. Following the purchase, the director owned 228,684 shares of the company’s stock, valued at $2,920,294.68. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Audioeye Stock Down 6.4%

AEYE stock opened at $12.06 on Friday. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $14.68. The company has a market cap of $153.04 million, a PE ratio of -50.25 and a beta of 0.77. The business’s 50-day simple moving average is $8.11 and its 200 day simple moving average is $7.21. 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 (NASDAQ:AEYE) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. The company had revenue of $10.96 million for the quarter, compared to analyst estimates of $10.94 million. On average, research analysts anticipate that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Audioeye

Large investors have recently made changes to their positions in the company. Sei Investments Co. raised its stake in Audioeye by 481.3% in the 1st quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock worth $978,000 after purchasing an additional 127,126 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Audioeye by 1,071.0% in the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock valued at $798,000 after purchasing an additional 114,600 shares during the last quarter. Focus Financial Network Inc. raised its stake in Audioeye by 35.7% during the second quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock worth $713,000 after acquiring an additional 32,270 shares in the last quarter. Globeflex Capital L P acquired a new position in Audioeye during the 2nd quarter worth approximately $462,000. Finally, Bank of New York Mellon Corp bought a new position in Audioeye in the 2nd quarter valued at approximately $206,000. Institutional investors 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.