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James B. Hawkins (NASDAQ:HWKN), a director at AudioEye Inc. (NASDAQ:AEYE), recently acquired a significant amount of the company’s stock. According to a recent SEC filing, Hawkins purchased a total of 13,300 shares of common stock on March 19, 2025. The shares were acquired at prices ranging from $15.00 to $17.50 per share, amounting to a total investment of $204,750. This purchase comes as the stock has seen a significant decline of about 55% over the past six months, though InvestingPro data shows impressive gross profit margins of 79%.
Following these transactions, Hawkins holds 114,382 shares of AudioEye. This acquisition reflects Hawkins’ growing stake in the Tucson, Arizona-based company, which specializes in prepackaged software services. With a market capitalization of $141 million and analyst price targets ranging from $22 to $35, InvestingPro analysis indicates the company is currently trading above its Fair Value. Subscribers can access 10+ additional ProTips and a comprehensive Pro Research Report for deeper insights into AEYE’s financial health and growth prospects.
In other recent news, AudioEye reported its fourth-quarter 2024 earnings, delivering an earnings per share (EPS) of $0.18, surpassing the forecast of $0.16. The company achieved a 24% year-over-year revenue growth, reaching $9.7 million, although slightly missing the expected $9.72 million. Needham analysts maintained a Buy rating on AudioEye with a $25 price target, citing a 17.3% increase in Annual Recurring Revenue (ARR) and expectations of an 18.5% growth rate for 2025. H.C. Wainwright also retained a Buy rating, albeit lowering the price target from $37 to $22, reflecting a recalibration in response to shifting investor sentiment. AudioEye’s Board of Directors has authorized a share repurchase program of up to $12.5 million through 2027. The company anticipates 2025 revenues between $41 million and $42 million, with an adjusted EBITDA forecast of $9 million to $10 million. The European Accessibility Act, set to take effect in June 2025, is expected to drive demand, prompting AudioEye to expand its European operations. Despite positive earnings, the company’s stock saw a decline in aftermarket trading, possibly due to cautious future guidance.
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