National Securities Corp Believes AudioEye Inc (AEYE) Still Has Room to Grow


In a report released today, Ilya Grozovsky from National Securities Corp maintained a Buy rating on AudioEye Inc (AEYE), with a price target of $12.50. The company’s shares closed yesterday at $11.25, close to its 52-week high of $12.40.

According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 3.8% and a 51.4% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Digimarc Corp.

AudioEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $11.

See today’s analyst top recommended stocks >>

Based on AudioEye Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.33 million. In comparison, last year the company had a GAAP net loss of $2.77 million.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEYE in relation to earlier this year.

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.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts