AudioEye (NASDAQ:AEYE – Free Report) had its target price trimmed by HC Wainwright from $37.00 to $22.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Separately, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of AudioEye in a report on Thursday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $26.10.
Get Our Latest Stock Analysis on AEYE
AudioEye Price Performance
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new position in AudioEye during the fourth quarter valued at approximately $36,000. Quarry LP acquired a new stake in AudioEye during the 4th quarter worth approximately $47,000. MetLife Investment Management LLC acquired a new stake in AudioEye during the 3rd quarter worth approximately $54,000. Wells Fargo & Company MN lifted its holdings in AudioEye by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock worth $68,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in AudioEye during the 4th quarter worth $153,000. 51.11% of the stock is currently 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.
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