Roth Mkm Reiterates Buy Rating for AudioEye (NASDAQ:AEYE)

Roth Mkm reaffirmed their buy rating on shares of AudioEye (NASDAQ:AEYE) in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a $35.00 price target on the stock, up from their previous price target of $25.00.

A number of other research analysts also recently commented on AEYE. Craig Hallum increased their target price on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. HC Wainwright increased their target price on AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $30.13.

AudioEye Trading Up 6.0 %

Shares of AEYE opened at $33.64 on Friday. The company has a market capitalization of $399.64 million, a P/E ratio of -124.59, a P/E/G ratio of 8.46 and a beta of 1.03. AudioEye has a one year low of $3.97 and a one year high of $34.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50-day moving average price of $23.23 and a 200 day moving average price of $21.84.

Institutional Investors Weigh In On AudioEye

Several large investors have recently modified their holdings of AEYE. Renaissance Technologies LLC boosted its position in shares of AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after buying an additional 40,500 shares during the period. ClariVest Asset Management LLC bought a new position in AudioEye during the second quarter valued at about $664,000. Bank of New York Mellon Corp bought a new position in AudioEye during the second quarter valued at about $348,000. GSA Capital Partners LLP bought a new position in AudioEye during the third quarter valued at about $416,000. Finally, Acadian Asset Management LLC raised its holdings in AudioEye by 130.6% during the second 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 in the last quarter. 51.11% of the stock is owned by institutional investors.

About AudioEye

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.