In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on AudioEye (AEYE – Research Report). The company’s shares closed yesterday at $17.37.
Sutton covers the Technology sector, focusing on stocks such as Par Technology, AudioEye, and ACI Worldwide. According to TipRanks, Sutton has an average return of 12.5% and a 47.16% success rate on recommended stocks.
Currently, the analyst consensus on AudioEye is a Strong Buy with an average price target of $17.75, representing a 2.19% upside. In a report released on April 24, B.Riley Financial also maintained a Buy rating on the stock with a $18.50 price target.
Based on AudioEye’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.08 million and a GAAP net loss of $829 thousand. In comparison, last year the company earned a revenue of $7.74 million and had a GAAP net loss of $1.92 million
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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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