HC Wainwright Reiterates Buy Rating for AudioEye (NASDAQ:AEYE)

HC Wainwright restated their buy rating on shares of AudioEye (NASDAQ:AEYE) in a report published on Wednesday, Benzinga reports. HC Wainwright currently has a $17.00 price target on the stock.

AEYE has been the subject of several other research reports. Craig Hallum raised their price objective on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, April 10th. B. Riley raised their price objective on AudioEye from $10.00 to $14.00 and gave the company a buy rating in a research report on Wednesday, April 10th.

AudioEye Stock Performance

Shares of AEYE stock opened at $14.29 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $166.62 million, a price-to-earnings ratio of -36.64 and a beta of 1.36. The stock has a fifty day moving average of $9.85 and a 200 day moving average of $6.49. AudioEye has a 52 week low of $3.75 and a 52 week high of $16.22.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. As a group, research analysts expect that AudioEye will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On AudioEye

A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. purchased a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned approximately 0.17% of AudioEye at the end of the most recent reporting period. Institutional investors and hedge funds 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.