AudioEye (NASDAQ:AEYE) Trading Up 11.4%

Posted by Defense World Staff on Apr 11th, 2023

AudioEye, Inc. (NASDAQ:AEYE – Get Rating)’s stock price traded up 11.4% during trading on Monday . The company traded as high as $7.13 and last traded at $7.11. 20,865 shares were traded during mid-day trading, a decline of 16% from the average session volume of 24,988 shares. The stock had previously closed at $6.38.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of AudioEye in a report on Monday, March 13th.

AudioEye Stock Performance

The firm has a market cap of $82.85 million, a PE ratio of -7.73 and a beta of 1.16. The company’s 50-day simple moving average is $6.38 and its two-hundred day simple moving average is $5.37.

Insider Transactions at AudioEye

In other AudioEye news, Director Jamil A. Tahir bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average price of $5.68 per share, for a total transaction of $56,800.00. Following the completion of the acquisition, the director now directly owns 210,000 shares in the company, valued at $1,192,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 16,957 shares of company stock worth $95,536. 45.10% of the stock is currently owned by insiders.

Institutional Trading of AudioEye

Several large investors have recently bought and sold shares of the company. Cannell Capital LLC raised its position in shares of AudioEye by 10.1% in the 4th quarter. Cannell Capital LLC now owns 818,725 shares of the company’s stock worth $3,136,000 after acquiring an additional 75,412 shares in the last quarter. Prelude Capital Management LLC bought a new position in AudioEye in the second quarter worth $1,256,000. Mendota Financial Group LLC purchased a new position in AudioEye during the fourth quarter valued at $155,000. Finally, Millennium Management LLC bought a new stake in shares of AudioEye during the 4th quarter valued at $58,000. 16.87% of the stock is owned by institutional investors.

AudioEye Company Profile

(Get Rating)

AudioEye, Inc engages in the provision of digital accessibility technology solutions. It offers patented, Internet content publication and distribution software which enables the conversion of any media into an accessible format and allowing real-time distribution to end-users on any Internet connected device.

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