AudioEye (AEYE) to Release Quarterly Earnings on Wednesday

AudioEye (NASDAQ:AEYE) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $9.73 million for the quarter.

AudioEye Stock Down 7.2 %

Shares of NASDAQ:AEYE opened at $13.37 on Wednesday. The firm has a market cap of $162.85 million, a P/E ratio of -49.52, a P/E/G ratio of 2.03 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye has a 12-month low of $6.30 and a 12-month high of $34.85. The business has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $21.10.

Insider Transactions at AudioEye

In other news, Director Jamil A. Tahir sold 125,000 shares of AudioEye stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total value of $3,000,000.00. Following the completion of the transaction, the director now directly owns 195,000 shares of the company’s stock, valued at approximately $4,680,000. This trade represents a 39.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carr Bettis sold 225,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total value of $5,400,000.00. Following the completion of the sale, the insider now directly owns 200,045 shares of the company’s stock, valued at $4,801,080. The trade was a 52.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,250,000 shares of company stock valued at $30,000,000. Corporate insiders own 40.70% of the company’s stock.

Wall Street Analyst Weigh In

AEYE has been the subject of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of AudioEye in a research report on Tuesday, January 21st. Finally, HC Wainwright raised their target price on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AudioEye presently has an average rating of “Buy” and a consensus price target of $29.10.

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.