National Securities Corp Sticks to Its Buy Rating for AudioEye Inc (AEYE)

By Ryan Adsit

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 $11. The company’s shares opened today at $7.19.

According to TipRanks.com, Grozovsky is a 2-star analyst with an average return of -0.5% and a 48.6% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Digimarc Corp.

Currently, the analyst consensus on AudioEye Inc is a Moderate Buy with an average price target of $10.50.

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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 net profit of $183.4K.

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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.