In a report released today, George Sutton from Craig-Hallum reiterated a Buy rating on AudioEye (AEYE – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $4.59.
Sutton covers the Technology sector, focusing on stocks such as AudioEye, Par Technology, and 8X8. According to TipRanks, Sutton has an average return of 6.5% and a 44.51% success rate on recommended stocks.
Currently, the analyst consensus on AudioEye is a Moderate Buy with an average price target of $9.00.
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Based on AudioEye’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.84 million and a GAAP net loss of $1.97 million. In comparison, last year the company earned a revenue of $7.57 million and had a GAAP net loss of $2.61 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEYE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AudioEye (AEYE) Company Description:
AudioEye, Inc. provides digital accessibility technology solutions. It develops patented, Internet content publication and distribution software, enabling the conversion of any media into an accessible format and allowing for real-time distribution to end-users on any Internet connected device. The company invents, manufactures and distributes mobile, advertising and Internet technologies that enable users to transact, communicate and engage with products, brands and content using networked interactive voice browsing technology. The firm focuses on providing solutions to the Internet, print, broadcast and other media, irrespective of an individual’s network connection, device, location, or impairment. The company provides e-Learning and e-Commerce systems, as well as Internet publishing products and services. AudioEye was founded by Nathaniel T. Bradley, Sean D. Bradley, David J. Ide and James G. Crawford on May 20, 2005 and is headquartered in Tucson, AZ.
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