AudioEye (NASDAQ:AEYE – Free Report) had its price target boosted by Craig Hallum from $20.00 to $30.00 in a report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.
AEYE has been the subject of a number of other reports. HC Wainwright restated a buy rating and issued a $23.00 target price on shares of AudioEye in a research note on Friday. Roth Capital upgraded AudioEye to a strong-buy rating in a research note on Friday, June 21st. B. Riley upped their target price on AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, Roth Mkm began coverage on AudioEye in a research note on Friday, June 21st. They issued a buy rating and a $25.00 target price for the company. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $24.13.
Get Our Latest Stock Analysis on AudioEye
AudioEye Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in AudioEye during the first quarter worth $116,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of AudioEye by 4.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of AudioEye during the first quarter worth $137,000. Bank of New York Mellon Corp bought a new stake in shares of AudioEye during the second quarter worth $348,000. Finally, Vanguard Group Inc. grew its holdings in shares of AudioEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after purchasing an additional 6,929 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.
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.
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