AudioEye (NASDAQ:AEYE) Now Covered by Analysts at Roth Mkm

Analysts at Roth Mkm began coverage on shares of AudioEye (NASDAQ:AEYE) in a research report issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $25.00 price target on the stock. Roth Mkm’s target price would indicate a potential upside of 38.43% from the stock’s previous close.

Several other equities analysts have also commented on AEYE. HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of AudioEye in a research note on Wednesday, April 24th. B. Riley increased their price objective on shares of AudioEye from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Craig Hallum raised their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th.

AudioEye Stock Performance

Shares of NASDAQ AEYE opened at $18.06 on Friday. The company has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $10.86. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $210.22 million, a PE ratio of -46.31 and a beta of 1.18. AudioEye has a 12 month low of $3.75 and a 12 month high of $26.16.

AudioEye (NASDAQ:AEYE) last announced its earnings results on Tuesday, April 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $8.08 million for the quarter, compared to analyst estimates of $8.04 million. AudioEye had a negative net margin of 14.83% and a negative return on equity of 13.59%. On average, equities analysts anticipate that AudioEye will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On AudioEye

A number of institutional investors have recently added to or reduced their stakes in AEYE. Acadian Asset Management LLC acquired a new position in shares of AudioEye in the 1st quarter valued at about $116,000. B. Riley Wealth Advisors Inc. raised its holdings in AudioEye by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after buying an additional 500 shares during the period. Hillsdale Investment Management Inc. acquired a new position in AudioEye during the first quarter valued at approximately $137,000. Potomac Capital Management Inc. purchased a new stake in AudioEye during the third quarter worth approximately $100,000. Finally, Vanguard Group Inc. grew its stake in AudioEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after buying an additional 6,929 shares during the period. Hedge funds and other institutional investors own 51.11% of the company’s stock.

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.