Top25-SA-Banner

Analysts Offer Insights on Technology Companies: AudioEye Inc (OtherAEYE) and MAM Software Group (MAMS)


Analysts have been eager to weigh in on the Technology sector with new ratings on AudioEye Inc (Other OTC:AEYE) and MAM Software Group (NASDAQ:MAMS).

AudioEye Inc (AEYE)

AudioEye Inc received a Buy rating and a $12.50 price target from B.Riley FBR analyst Zach Cummins today. The company’s shares opened today at $9.25, close to its 52-week high of $10.24.

Cummins observed:

“We are initiating coverage of AudioEye, Inc. (AEYE) with a Buy rating and a 12-month price target of $12.50 per share. We believe AEYE is at the forefront of a groundswell in digital accessibility initiatives, catalyzed by both regulatory and demographic considerations. The company’s Ally platform is highly differentiated through its automated remediation capabilities, ensuring customers can quickly demonstrate compliance with the Act (ADA) and Guidelines (WCAG). While bookings and revenues are already exhibiting meaningful growth, we expect AEYE’s focus on building an indirect channel to accelerate the time to scale and generate positive cash flow.”

According to TipRanks.com, Cummins is a 1-star analyst with an average return of -12.0% and a 20.0% success rate. Cummins covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, ChannelAdvisor, and Determine Inc.

The the analyst consensus on AudioEye Inc is currently a Hold rating.

See today’s analyst top recommended stocks >>

MAM Software Group (MAMS)

In a report released today, Sarkis Sherbetchyan from B.Riley FBR reiterated a Hold rating on MAM Software Group, with a price target of $8.50. The company’s shares opened today at $8.06.

Sherbetchyan said:

“Neutral-rated MAM Software Group (MAMS, $8.50 PT) reports 4Q18 (Jun) results after the market close on and will host its earnings call on 9:00AM ET (dial-in: We forecast revenues of $9.3M and adjusted EBITDA of $1.6M. We expect results to be in line with our estimates (we are consensus). We also expect management to introduce its FY19 outlook, which we believe would include low double-digit revenue growth (on a constant currency basis) and Y/Y adjusted EBITDA growth. For reference, our existing FY19 revenue/adjusted EBITDA estimates sit at $39.5M/$7.7M into the print.”

According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 13.2% and a 62.4% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and S&W Seed Company.

MAM Software Group has an analyst consensus of Hold.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.