AudioEye price target lowered to $18 from $22 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on AudioEye (AEYE) to $18 from $22 and keeps a Buy rating on the shares. The firm says the company’s preliminary Q4 results were largely consistent with its guidance. It believes investors will prioritize revenue growth over profitability and margins in the near term.