Audioeye (NASDAQ:AEYE) Chairman Sells $528,746.40 in Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 39,312 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $13.45, for a total transaction of $528,746.40. Following the completion of the transaction, the chairman directly owned 1,771,966 shares of the company’s stock, valued at approximately $23,832,942.70. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Moradi also recently made the following trade(s):

• On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The stock was sold at an average price of $13.48, for a total transaction of $505,284.32.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85.

Audioeye Price Performance

AEYE stock traded up $0.24 during trading on Tuesday, hitting $13.59. 318,094 shares of the company’s stock traded hands, compared to its average volume of 174,102. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $15.32. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.06 and a current ratio of 1.23. The business has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $7.16. The stock has a market capitalization of $172.46 million, a price-to-earnings ratio of -56.62 and a beta of 0.84.

Audioeye (NASDAQ:AEYE) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. The business had revenue of $10.96 million during the quarter, compared to analysts’ expectations of $10.94 million. As a group, research analysts expect that Audioeye, Inc. will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in Audioeye during the second quarter valued at $79,000. Compass Financial Management LLC purchased a new stake in shares of Audioeye in the second quarter valued at $55,000. Globeflex Capital L P bought a new stake in shares of Audioeye in the 2nd quarter worth about $462,000. Bank of New York Mellon Corp bought a new stake in shares of Audioeye in the 2nd quarter worth about $206,000. Finally, Focus Financial Network Inc. lifted its holdings in shares of Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock worth $713,000 after acquiring an additional 32,270 shares during the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a research report on Friday, August 7th. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.62.

Audioeye Company Profile

AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.