According to Zacks, “AudioEye Inc. engages in creating cloud-based cross-platform/cross-browser screen reader solution for web browsing. It focuses on creating voice driven technologies to enhance the mobility, usability, and accessibility of the Internet based content in the United States. The company develops patented, Internet content publication, and distribution software that enables conversion of any media into accessible formats, as well as allows for real time distribution on any Internet connected device. It offers Audio Internet (R), a software as a service technology platform to Internet and mobile publishers, developers, owners, and operators. AudioEye Inc. is based in Tucson, Arizona. “
AEYE has been the subject of a number of other research reports. B. Riley set a $13.00 target price on shares of Audioeye and gave the stock a buy rating in a research report on Monday, May 13th. National Securities restated a buy rating and set a $12.50 target price on shares of Audioeye in a research report on Wednesday, May 15th.
Audioeye (NASDAQ:AEYE) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.10). The firm had revenue of $1.99 million during the quarter, compared to the consensus estimate of $2.02 million. Audioeye had a negative return on equity of 121.68% and a negative net margin of 92.33%. Equities research analysts anticipate that Audioeye will post -0.64 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Deutsche Bank AG bought a new position in shares of Audioeye during the fourth quarter worth $59,000. Morgan Stanley bought a new position in shares of Audioeye during the first quarter worth $123,000. HighPoint Advisor Group LLC bought a new position in shares of Audioeye during the first quarter worth $151,000. Finally, Millennium Management LLC bought a new position in shares of Audioeye during the fourth quarter worth $476,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.
Audioeye Company Profile
AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.
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