AudioEye, Inc. (NASDAQ:AEYE – Get Rating) – Equities research analysts at B. Riley boosted their Q3 2022 earnings estimates for AudioEye in a research report issued on Wednesday, August 10th. B. Riley analyst Z. Cummins now anticipates that the company will post earnings per share of ($0.23) for the quarter, up from their previous estimate of ($0.31). The consensus estimate for AudioEye's current full-year earnings is ($1.02) per share. B. Riley also issued estimates for AudioEye's Q4 2022 earnings at ($0.23) EPS, FY2022 earnings at ($1.00) EPS and FY2023 earnings at ($0.69) EPS.

Separately, HC Wainwright raised their price objective on shares of AudioEye from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th.

AudioEye Price Performance

AudioEye (NASDAQ:AEYE – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.10. AudioEye had a negative net margin of 58.44% and a negative return on equity of 95.94%. During the same quarter in the previous year, the firm earned ($0.17) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEYE. Anchor Capital Advisors LLC lifted its stake in AudioEye by 173.9% in the first quarter. Anchor Capital Advisors LLC now owns 61,747 shares of the company's stock worth $420,000 after acquiring an additional 39,200 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in AudioEye by 0.7% in the first quarter. Greenhaven Road Investment Management L.P. now owns 568,171 shares of the company's stock worth $3,869,000 after acquiring an additional 3,700 shares during the last quarter. Finally, Cannell Capital LLC lifted its stake in AudioEye by 17.2% in the first quarter. Cannell Capital LLC now owns 697,787 shares of the company's stock worth $4,752,000 after acquiring an additional 102,173 shares during the last quarter. Hedge funds and other institutional investors own 31.41% of the company's stock.

AudioEye Company Profile

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AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet, print, broadcast, 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.

Further Reading

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