AudioEye, Inc. (NASDAQ:AEYE) Short Interest Up 10.6% in September

AudioEye, Inc. (NASDAQ:AEYE) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 770,500 shares, a growth of 10.6% from the August 31st total of 696,900 shares. Approximately 12.9% of the shares of the company are sold short. Based on an average daily trading volume, of 221,400 shares, the short-interest ratio is presently 3.5 days.

Analysts Set New Price Targets

AEYE has been the topic of several analyst reports. Roth Mkm initiated coverage on AudioEye in a research note on Friday, June 21st. They issued a “buy” rating and a $25.00 target price on the stock. HC Wainwright reissued a “buy” rating and set a $23.00 price objective on shares of AudioEye in a report on Friday, July 26th. Roth Capital upgraded shares of AudioEye to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Craig Hallum boosted their target price on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $24.13.

AudioEye Stock Down 3.4 %

AEYE stock opened at $22.85 on Tuesday. AudioEye has a one year low of $3.75 and a one year high of $29.30. The stock has a market capitalization of $265.95 million, a P/E ratio of -58.59, a PEG ratio of 6.50 and a beta of 1.00. The company has a 50 day moving average price of $22.46 and a two-hundred day moving average price of $19.16. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16.

AudioEye (NASDAQ:AEYE) last issued its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $8.47 million for the quarter, compared to analysts’ expectations of $8.45 million. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. As a group, sell-side analysts expect that AudioEye will post 0.14 EPS for the current year.

Institutional Trading of AudioEye

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of AudioEye by 202.5% during the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock valued at $1,065,000 after acquiring an additional 40,500 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in AudioEye in the 2nd quarter worth $221,000. ClariVest Asset Management LLC acquired a new position in shares of AudioEye in the second quarter worth about $664,000. Acadian Asset Management LLC boosted its stake in shares of AudioEye by 130.6% during the 2nd quarter. Acadian Asset Management LLC now owns 26,939 shares of the company’s stock valued at $473,000 after buying an additional 15,256 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of AudioEye in the second quarter worth $147,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

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.