Audioeye (NASDAQ:AEYE) Stock: Insider David Moradi Sells 37,484 Shares

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 37,484 shares of Audioeye stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $13.48, for a total transaction of $505,284.32. Following the completion of the transaction, the chairman directly owned 1,811,278 shares in the company, valued at $24,416,027.44. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

David Moradi also recently made the following trade(s):

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was sold at an average price of $13.45, for a total value of $528,746.40.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total value of $1,364,432.85.

Audioeye Stock Performance

Shares of AEYE opened at $12.89 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.03. The firm has a market cap of $163.57 million, a PE ratio of -53.71 and a beta of 0.77. Audioeye, Inc. has a 12 month low of $5.31 and a 12 month high of $14.82. The stock has a fifty day moving average price of $8.01 and a 200-day moving average price of $7.19.

Audioeye (NASDAQ:AEYE) last announced its earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. The firm had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. Equities research analysts predict that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AEYE. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Audioeye presently has a consensus rating of “Moderate Buy” and an average price target of $14.62.

Audioeye News Summary

Here are the key news stories impacting Audioeye this week:

• Positive Sentiment: Third-quarter adjusted EBITDA rose 58% year over year to $3.9 million. AudioEye also announced a $15 million share-repurchase program running through October 2027, which could support per-share results and stock demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Director James Hawkins bought 3,000 shares on November 4 for about $38,310, following a 4,000-share purchase on October 30. The buys add a supportive insider-confidence signal. SEC filing
• Neutral Sentiment: AudioEye’s latest reported quarter modestly topped consensus, with EPS of $0.30 versus $0.27 expected and revenue of $10.96 million versus $10.94 million. These small beats offer some support but may be less influential than the profitability and insider-trading news.
• Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions from October 30 through November 3, generating about $2.4 million. He retained roughly 1.77 million shares, but the repeated sales could raise concerns about insider sentiment and create a near-term headwind. SEC filing

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in shares of Audioeye during the second quarter worth $55,000. Abel Hall LLC purchased a new stake in shares of Audioeye during the first quarter valued at $75,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye in the 2nd quarter valued at $79,000. Focus Financial Network Inc. increased its position in shares of Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock valued at $713,000 after acquiring an additional 32,270 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Audioeye in the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

About Audioeye

AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.