National Securities Corp Keeps a Buy Rating on AudioEye Inc (AEYE)

By Jason Carr

In a report released today, Ilya Grozovsky from National Securities Corp maintained a Buy rating on AudioEye Inc (AEYEResearch Report), with a price target of $12.50. The company’s shares closed yesterday at $9.95.

According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 9.3% and a 56.2% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Mitek Systems Inc, and Digimarc Corp.

AudioEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.75, representing a 28.1% upside. In a report issued on May 6, B.Riley FBR also assigned a Buy rating to the stock with a $13 price target.

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The company has a one-year high of $12.40 and a one-year low of $0.19. Currently, AudioEye Inc has an average volume of 33.05K.

Based on the recent corporate insider activity of 11 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.