Roth Mkm Reiterates “Buy” Rating for AudioEye (NASDAQ:AEYE)

AudioEye (NASDAQ:AEYE)‘s stock had its “buy” rating restated by stock analysts at Roth Mkm in a report released on Friday,Benzinga reports. They currently have a $35.00 price target on the stock, up from their prior price target of $25.00. Roth Mkm’s target price would suggest a potential upside of 7.76% from the company’s previous close.

AEYE has been the subject of a number of other research reports. Craig Hallum upped their price target on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. HC Wainwright upped their price target on AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AudioEye has an average rating of “Buy” and a consensus price target of $27.88.

AudioEye Stock Up 20.2 %

NASDAQ:AEYE traded up $5.45 during trading hours on Friday, reaching $32.48. 348,843 shares of the stock were exchanged, compared to its average volume of 175,620. AudioEye has a twelve month low of $3.91 and a twelve month high of $32.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50 day moving average of $22.89 and a 200 day moving average of $21.46. The stock has a market cap of $385.86 million, a PE ratio of -116.00, a PEG ratio of 5.79 and a beta of 1.03.

Institutional Investors Weigh In On AudioEye

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC bought a new stake in shares of AudioEye during the 3rd quarter worth approximately $93,000. Acadian Asset Management LLC bought a new stake in shares of AudioEye during the 1st quarter worth approximately $116,000. B. Riley Wealth Advisors Inc. raised its stake in AudioEye by 4.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after acquiring an additional 500 shares during the period. Hillsdale Investment Management Inc. bought a new stake in AudioEye in the 1st quarter valued at $137,000. Finally, Palisades Hudson Asset Management L.P. bought a new stake in AudioEye in the 2nd quarter valued at $142,000. Institutional investors own 51.11% of the company’s stock.

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.