Insider Selling: Audioeye (NASDAQ:AEYE) Chairman Sells $1,364,432.85 in Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 100,845 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $13.53, for a total value of $1,364,432.85. Following the completion of the sale, the chairman directly owned 1,848,762 shares of the company’s stock, valued at $25,013,749.86. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was 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 stock was sold at an average price of $13.48, for a total transaction of $505,284.32.

Audioeye Trading Down 6.4%

Shares of AEYE stock opened at $12.06 on Friday. The firm has a market capitalization of $153.04 million, a P/E ratio of -50.25 and a beta of 0.77. Audioeye, Inc. has a 1 year low of $5.31 and a 1 year high of $14.68. The firm’s fifty day simple moving average is $8.11 and its 200 day simple moving average is $7.21. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.03.

Audioeye (NASDAQ:AEYE) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $10.96 million during the quarter, compared to the consensus estimate 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 predict that Audioeye, Inc. will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in Audioeye during the second quarter worth $79,000. Compass Financial Management LLC bought a new stake in Audioeye in the 2nd quarter valued at $55,000. Globeflex Capital L P bought a new stake in Audioeye in the 2nd quarter valued at $462,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye in the 2nd quarter valued at $206,000. Finally, Focus Financial Network Inc. raised its stake in shares of Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock valued at $713,000 after buying an additional 32,270 shares in the last quarter. 51.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEYE has been the subject of several research reports. Wall Street Zen upgraded shares of Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Audioeye has a consensus rating of “Moderate Buy” and a consensus target price of $14.62.

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.