HC Wainwright restated their buy rating on shares of AudioEye (NASDAQ:AEYE – Free Report) in a report issued on Wednesday, Benzinga reports. The firm currently has a $17.00 price target on the stock.
A number of other analysts have also issued reports on the company. Craig Hallum lifted their price target on AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. B. Riley lifted their price target on AudioEye from $10.00 to $14.00 and gave the stock a buy rating in a research note on Wednesday, April 10th.
Check Out Our Latest Report on AudioEye
AudioEye Stock Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. Analysts expect that AudioEye will post 0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On AudioEye
An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. acquired a new position in shares of AudioEye, Inc. (NASDAQ:AEYE – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned about 0.17% of AudioEye as of its most recent filing with the Securities and Exchange Commission (SEC). 51.11% of the stock is owned by institutional investors.
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.
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