Several other analysts have also recently weighed in on the stock. B. Riley initiated coverage on shares of Audioeye in a research note on Thursday, September 13th. They set a buy rating and a $13.00 price objective on the stock. Zacks Investment Research raised shares of Audioeye from a hold rating to a buy rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 20th. Finally, National Securities initiated coverage on shares of Audioeye in a research note on Thursday, November 29th. They set a buy rating and a $9.00 price objective on the stock.
OTCMKTS AEYE traded up $0.44 on Thursday, reaching $6.99. The company’s stock had a trading volume of 4,539 shares, compared to its average volume of 6,919. Audioeye has a 52 week low of $3.13 and a 52 week high of $10.24.
Institutional investors have recently modified their holdings of the business. TCI Wealth Advisors Inc. acquired a new position in shares of Audioeye during the third quarter worth approximately $238,000. Manatuck Hill Partners LLC acquired a new position in shares of Audioeye during the third quarter worth approximately $360,000. Finally, B. Riley Financial Inc. acquired a new position in shares of Audioeye during the third quarter worth approximately $2,117,000.
Audioeye Company Profile
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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