Shares of Audioeye Inc (NASDAQ:AEYE) have been assigned a consensus broker rating score of 1.35 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 1 year consensus price target of $10.38 for the company and are forecasting that the company will post ($0.25) EPS for the current quarter, according to Zacks. Zacks has also given Audioeye an industry rank of 103 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on AEYE shares. ValuEngine upgraded shares of Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. National Securities started coverage on shares of Audioeye in a research report on Thursday, October 24th. They set a “buy” rating and a $11.00 price target for the company. Zacks Investment Research upgraded shares of Audioeye from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, B. Riley reiterated a “buy” rating and set a $9.75 price target on shares of Audioeye in a research report on Tuesday.

Shares of NASDAQ:AEYE traded up $0.20 during trading on Monday, hitting $5.60. 9,607 shares of the company’s stock were exchanged, compared to its average volume of 15,187. Audioeye has a 1-year low of $2.76 and a 1-year high of $12.32. The firm has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $4.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $45.45 million, a P/E ratio of -5.54 and a beta of 1.43.

Audioeye (NASDAQ:AEYE) last issued its quarterly earnings results on Wednesday, November 13th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Audioeye had a negative return on equity of 191.90% and a negative net margin of 86.70%. The business had revenue of $2.78 million for the quarter, compared to analyst estimates of $2.66 million. As a group, research analysts predict that Audioeye will post -1.1 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in Audioeye during the second quarter valued at approximately $55,000. BlackRock Inc. acquired a new position in Audioeye during the second quarter valued at approximately $95,000. Finally, Millennium Management LLC grew its holdings in Audioeye by 106.3% during the third quarter. Millennium Management LLC now owns 31,802 shares of the company’s stock valued at $123,000 after purchasing an additional 534,302 shares during the period. Hedge funds and other institutional investors own 3.33% of the company’s stock.

Audioeye Company Profile

AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.

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