B. Riley Boosts AudioEye (NASDAQ:AEYE) Price Target to $18.50

AudioEye (NASDAQ:AEYE) had its target price increased by B. Riley from $14.00 to $18.50 in a report issued on Wednesday morning, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for AudioEye’s Q4 2024 earnings at $0.04 EPS.

A number of other analysts have also recently issued reports on the stock. Craig Hallum raised their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. HC Wainwright restated a buy rating and set a $17.00 target price on shares of AudioEye in a research note on Wednesday.

AudioEye Stock Performance

Shares of AEYE stock opened at $14.29 on Wednesday. The company has a fifty day moving average price of $9.85 and a two-hundred day moving average price of $6.49. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $166.62 million, a P/E ratio of -36.64 and a beta of 1.36. AudioEye has a one year low of $3.75 and a one year high of $16.22.

AudioEye (NASDAQ:AEYE) last posted its 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 during the quarter, compared to analysts’ expectations of $7.91 million. AudioEye had a negative net margin of 14.83% and a negative return on equity of 12.39%. As a group, equities analysts predict that AudioEye will post 0.01 EPS for the current year.

Hedge Funds Weigh In On AudioEye

An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. purchased a new position in shares of AudioEye, Inc. (NASDAQ:AEYE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 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 hedge funds and other institutional investors.

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.