Audioeye (NASDAQ:AEYE) Stock: Insider James Hawkins Purchases 3,000 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins purchased 3,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average cost of $12.77 per share, for a total transaction of $38,310.00. Following the completion of the acquisition, the director directly owned 228,684 shares of the company’s stock, valued at approximately $2,920,294.68. This trade represents a 1.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Audioeye Stock Performance

Shares of NASDAQ AEYE traded down $0.70 during midday trading on Wednesday, reaching $12.89. 404,427 shares of the company traded hands, compared to its average volume of 175,164. The company has a market cap of $163.57 million, a price-to-earnings ratio of -53.71 and a beta of 0.77. The stock has a 50-day moving average price of $7.90 and a 200 day moving average price of $7.18. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $14.82. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.23.

Audioeye (NASDAQ:AEYE) last announced its earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. Sell-side analysts anticipate that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Audioeye

Several large investors have recently made changes to their positions in the business. Sei Investments Co. boosted its position in shares of Audioeye by 481.3% during the 1st quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock valued at $978,000 after purchasing an additional 127,126 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Audioeye by 1,071.0% in the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock worth $798,000 after purchasing an additional 114,600 shares in the last quarter. Focus Financial Network Inc. lifted its stake in Audioeye by 35.7% during the second quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock valued at $713,000 after purchasing an additional 32,270 shares during the last quarter. Globeflex Capital L P acquired a new stake in Audioeye during the second quarter valued at approximately $462,000. Finally, Bank of New York Mellon Corp acquired a new stake in Audioeye during the second quarter valued at approximately $206,000. Institutional investors own 51.11% of the company’s stock.

Trending Headlines about Audioeye

Here are the key news stories impacting Audioeye this week:

• Positive Sentiment: AudioEye reported a 58% year-over-year increase in third-quarter adjusted EBITDA to $3.9 million and launched a $15 million stock repurchase program through October 2027. Buybacks can support demand for shares and per-share results. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The purchase offers a modest positive insider-confidence signal. Article: Insider Buying: AudioEye Director Buys Stock
• Negative Sentiment: Chairman David Moradi sold a combined 177,641 shares in transactions from October 30 through November 3, for roughly $2.4 million. He retained a substantial stake, but the successive sales could pressure sentiment, particularly after the stock’s recent strength. Article: AudioEye Chairman Sells Shares

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.