B. Riley set a $10.00 price target on Audioeye (OTCMKTS:AEYE) in a research report report published on Thursday. The firm currently has a buy rating on the stock.

Shares of AEYE traded up $0.25 during trading hours on Thursday, reaching $6.31. 9,060 shares of the stock traded hands, compared to its average volume of 6,880. Audioeye has a 52-week low of $2.74 and a 52-week high of $10.24.

Audioeye (OTCMKTS:AEYE) last released its earnings results on Tuesday, August 14th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $1.24 million for the quarter.

A hedge fund recently bought a new stake in Audioeye stock. TCI Wealth Advisors Inc. purchased a new position in Audioeye Inc (OTCMKTS:AEYE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,423 shares of the company’s stock, valued at approximately $238,000. TCI Wealth Advisors Inc. owned approximately 0.35% of Audioeye as of its most recent SEC filing.

About Audioeye

AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.

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