Brokerages Set AudioEye, Inc. (NASDAQ:AEYE) Target Price at $29.10

AudioEye, Inc. (NASDAQ:AEYE) has earned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.10.

Several analysts have recently commented on AEYE shares. HC Wainwright raised their price objective on shares of AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of AudioEye in a research report on Tuesday, January 21st.

Institutional Trading of AudioEye

Several hedge funds have recently bought and sold shares of the business. Summit Partners Public Asset Management LLC grew its position in AudioEye by 24.5% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock valued at $11,774,000 after purchasing an additional 101,302 shares during the period. Alyeska Investment Group L.P. acquired a new stake in AudioEye in the 4th quarter valued at $3,802,000. Hood River Capital Management LLC acquired a new stake in AudioEye in the 4th quarter valued at $3,739,000. Formula Growth Ltd. acquired a new stake in AudioEye in the 4th quarter valued at $1,977,000. Finally, Northern Trust Corp grew its position in AudioEye by 23.3% in the 4th quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock valued at $1,260,000 after purchasing an additional 15,648 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

AudioEye Stock Up 3.4 %

AudioEye stock opened at $12.59 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. AudioEye has a 52-week low of $6.58 and a 52-week high of $34.85. The firm has a 50 day moving average price of $16.63 and a two-hundred day moving average price of $20.84. The firm has a market cap of $153.32 million, a price-to-earnings ratio of -46.63, a PEG ratio of 2.03 and a beta of 1.14.

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.