AudioEye (NASDAQ:AEYE – Free Report) had its price objective lifted by Craig Hallum from $20.00 to $30.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
Several other research firms also recently commented on AEYE. Roth Mkm began coverage on shares of AudioEye in a research report on Friday, June 21st. They issued a buy rating and a $25.00 price target for the company. B. Riley upped their price target on shares of AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research report on Wednesday, April 24th. Roth Capital upgraded shares of AudioEye to a strong-buy rating in a research report on Friday, June 21st. Finally, HC Wainwright reiterated a buy rating and issued a $23.00 price target on shares of AudioEye in a research report on Friday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AudioEye has a consensus rating of Buy and an average price target of $24.13.
Check Out Our Latest Stock Report on AudioEye
AudioEye Stock Down 0.6 %
Hedge Funds Weigh In On AudioEye
Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in AudioEye in the 2nd quarter valued at $348,000. B. Riley Wealth Advisors Inc. grew its stake in shares of AudioEye by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of AudioEye during the 1st quarter worth $137,000. Acadian Asset Management LLC acquired a new position in shares of AudioEye during the 1st quarter worth $116,000. Finally, Vanguard Group Inc. grew its stake in shares of AudioEye by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after purchasing an additional 6,929 shares during the period. 51.11% of the stock is owned by institutional investors and hedge funds.
AudioEye Company Profile
AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their 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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