HC Wainwright Boosts AudioEye (NASDAQ:AEYE) Price Target to $37.00

AudioEye (NASDAQ:AEYE) had its price target lifted by investment analysts at HC Wainwright from $28.00 to $37.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 29.24% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Craig Hallum increased their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Roth Mkm reiterated a “buy” rating and issued a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AudioEye has an average rating of “Buy” and an average target price of $30.13.

AudioEye Stock Performance

Shares of NASDAQ:AEYE opened at $28.63 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. AudioEye has a 1 year low of $3.97 and a 1 year high of $34.85. The firm has a market capitalization of $340.12 million, a PE ratio of -106.04, a P/E/G ratio of 8.46 and a beta of 1.03. The business’s 50 day moving average price is $23.38 and its 200-day moving average price is $21.94.

Institutional Investors Weigh In On AudioEye

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEYE. Charles Schwab Investment Management Inc. grew its holdings in shares of AudioEye by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after purchasing an additional 1,477 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AudioEye by 58.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company’s stock worth $841,000 after buying an additional 13,556 shares during the period. GSA Capital Partners LLP purchased a new position in AudioEye during the third quarter worth about $416,000. International Assets Investment Management LLC acquired a new stake in shares of AudioEye during the third quarter valued at about $2,350,000. Finally, CWM LLC purchased a new stake in shares of AudioEye in the 3rd quarter valued at approximately $93,000. Institutional investors and hedge funds 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.