B. Riley Forecasts AudioEye’s FY2024 Earnings (NASDAQ:AEYE)

AudioEye, Inc. (NASDAQ:AEYE) – Research analysts at B. Riley increased their FY2024 earnings estimates for shares of AudioEye in a research note issued to investors on Friday, October 18th. B. Riley analyst Z. Cummins now expects that the company will earn $0.20 per share for the year, up from their previous forecast of $0.19. The consensus estimate for AudioEye’s current full-year earnings is $0.14 per share. B. Riley also issued estimates for AudioEye’s Q4 2024 earnings at $0.08 EPS.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. The firm had revenue of $8.47 million for the quarter, compared to analysts’ expectations of $8.45 million.

Several other research analysts have also recently issued reports on the stock. Craig Hallum increased their price target on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. HC Wainwright increased their target price on AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.38.

AudioEye Stock Up 6.0 %

Shares of AudioEye stock opened at $25.72 on Monday. The company has a market cap of $299.36 million, a P/E ratio of -65.95, a PEG ratio of 6.18 and a beta of 1.00. The firm has a fifty day moving average of $22.70 and a two-hundred day moving average of $20.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. AudioEye has a one year low of $3.75 and a one year high of $29.30.

Institutional Trading of AudioEye

A number of institutional investors have recently added to or reduced their stakes in AEYE. CWM LLC acquired a new stake in shares of AudioEye during the 3rd quarter valued at approximately $93,000. Acadian Asset Management LLC purchased a new stake in AudioEye during the first quarter worth $116,000. B. Riley Wealth Advisors Inc. boosted its position in AudioEye by 4.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in AudioEye in the first quarter valued at $137,000. Finally, Palisades Hudson Asset Management L.P. purchased a new position in shares of AudioEye in the second quarter valued at $142,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

About AudioEye

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.