AudioEye (NASDAQ:AEYE – Free Report) had its target price increased by Craig Hallum from $20.00 to $30.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.
Other analysts also recently issued research reports about the company. HC Wainwright reiterated a buy rating and set a $23.00 price target on shares of AudioEye in a research note on Friday. Roth Mkm started coverage on AudioEye in a research note on Friday, June 21st. They set a buy rating and a $25.00 price target on the stock. B. Riley boosted their price target on AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, Roth Capital upgraded AudioEye to a strong-buy rating in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AudioEye currently has an average rating of Buy and an average price target of $24.13.
Check Out Our Latest Stock Analysis on AEYE
AudioEye Stock Up 38.2 %
Institutional Investors Weigh In On AudioEye
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in shares of AudioEye during the second quarter worth $348,000. Hillsdale Investment Management Inc. purchased a new position in AudioEye in the first quarter valued at $137,000. Acadian Asset Management LLC purchased a new position in AudioEye in the first quarter valued at $116,000. Vanguard Group Inc. boosted its holdings in AudioEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after purchasing an additional 6,929 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted 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 purchasing an additional 500 shares during the period. 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.
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