Audioeye (NASDAQ:AEYE) Chairman David Moradi Sells 22,359 Shares of Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 22,359 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $12.72, for a total value of $284,406.48. Following the completion of the sale, the chairman owned 1,749,607 shares in the company, valued at approximately $22,255,001.04. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The shares were sold at an average price of $13.45, for a total value of $528,746.40.
• 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 value of $505,284.32.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The stock was sold at an average price of $13.53, for a total value of $1,364,432.85.

Audioeye Stock Performance

Shares of NASDAQ:AEYE traded up $0.31 on Friday, hitting $12.37. The company’s stock had a trading volume of 171,785 shares, compared to its average volume of 317,225. The company has a market capitalization of $156.98 million, a price-to-earnings ratio of -51.54 and a beta of 0.77. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.23 and a current ratio of 1.23. Audioeye, Inc. has a 12 month low of $5.31 and a 12 month high of $14.68. The stock’s 50-day moving average is $8.21 and its two-hundred day moving average is $7.22.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Audioeye

A number of hedge funds and other institutional investors have recently modified their holdings of AEYE. Compass Financial Management LLC purchased a new position in Audioeye in the 2nd quarter worth about $55,000. R Squared Ltd purchased a new stake in Audioeye during the third quarter valued at about $71,000. Abel Hall LLC acquired a new position in shares of Audioeye in the first quarter worth about $75,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye in the second quarter worth about $79,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Audioeye in the second quarter worth approximately $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

About Audioeye

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.