AudioEye (AEYE) to Release Quarterly Earnings on Wednesday

AudioEye (NASDAQ:AEYE) is expected to announce its earnings results 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 Price Performance

Shares of NASDAQ AEYE opened at $13.37 on Wednesday. AudioEye has a twelve month low of $6.30 and a twelve month high of $34.85. The stock’s 50 day moving average price is $16.92 and its 200-day moving average price is $21.10. The company has a market capitalization of $162.85 million, a PE ratio of -49.52, a PEG 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.

Insider Activity at AudioEye

In related news, CEO David Moradi sold 900,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total value of $21,600,000.00. Following the transaction, the chief executive officer now owns 1,864,290 shares in the company, valued at approximately $44,742,960. This represents a 32.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carr Bettis sold 225,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 200,045 shares in the company, valued at approximately $4,801,080. The trade was a 52.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,250,000 shares of company stock worth $30,000,000. Insiders own 40.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AEYE shares. HC Wainwright boosted their target price on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of AudioEye in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $29.10.

About AudioEye

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.