AudioEye (AEYE) Set to Announce Quarterly Earnings on Thursday

AudioEye (NASDAQ:AEYE – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 2nd. AudioEye has set its Q3 2023 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

AudioEye (NASDAQ:AEYE – Get Free Report) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $7.84 million during the quarter, compared to analysts’ expectations of $7.85 million. AudioEye had a negative net margin of 26.38% and a negative return on equity of 66.49%. On average, analysts expect AudioEye to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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AudioEye Price Performance

Shares of AEYE stock opened at $4.32 on Thursday. The stock has a market cap of $51.00 million, a P/E ratio of -6.08 and a beta of 1.06. The company has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $5.46. AudioEye has a one year low of $3.37 and a one year high of $7.89.

Insider Buying and Selling at AudioEye

In other news, CEO David Moradi bought 29,947 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $5.59 per share, with a total value of $167,403.73. Following the acquisition, the chief executive officer now directly owns 2,898,333 shares in the company, valued at $16,201,681.47. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Jamil A. Tahir purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $5.09 per share, with a total value of $254,500.00. Following the acquisition, the director now owns 270,000 shares of the company’s stock, valued at approximately $1,374,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Moradi purchased 29,947 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $5.59 per share, for a total transaction of $167,403.73. Following the completion of the acquisition, the chief executive officer now directly owns 2,898,333 shares in the company, valued at approximately $16,201,681.47. The disclosure for this purchase can be found here. Insiders have bought a total of 99,947 shares of company stock valued at $524,704 in the last ninety days. 39.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AudioEye

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in AudioEye by 4,864.2% during the 1st quarter. Bank of America Corp DE now owns 8,042 shares of the company’s stock worth $57,000 after acquiring an additional 7,880 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of AudioEye in the 2nd quarter worth approximately $59,000. Millennium Management LLC acquired a new position in shares of AudioEye in the 4th quarter worth approximately $58,000. BlackRock Inc. lifted its position in shares of AudioEye by 6.9% in the 2nd quarter. BlackRock Inc. now owns 30,344 shares of the company’s stock worth $148,000 after purchasing an additional 1,965 shares during the period. Finally, Cannell Capital LLC lifted its position in shares of AudioEye by 17.2% during the 1st quarter. Cannell Capital LLC now owns 697,787 shares of the company’s stock valued at $4,752,000 after acquiring an additional 102,173 shares during the period. 15.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEYE. B. Riley cut their target price on shares of AudioEye from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 11th. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of AudioEye in a research note on Friday, August 11th.

Check Out Our Latest Stock Analysis on AudioEye

AudioEye Company Profile

(Get Free Report)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their network connection, 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.

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