AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich Sells 10,000 Shares

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 10,000 shares of AudioEye stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the chief financial officer now owns 88,981 shares in the company, valued at $2,580,449. This trade represents a 10.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kelly Georgevich also recently made the following trade(s):

• On Thursday, November 14th, Kelly Georgevich sold 500 shares of AudioEye stock. The shares were sold at an average price of $27.00, for a total value of $13,500.00.

AudioEye Trading Down 3.7 %

Shares of NASDAQ:AEYE traded down $0.96 during trading hours on Friday, hitting $25.20. 48,848 shares of the company’s stock traded hands, compared to its average volume of 179,425. AudioEye, Inc. has a 1 year low of $3.97 and a 1 year high of $34.85. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $23.59 and a 200-day moving average price of $22.00.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEYE. HC Wainwright lifted their price objective on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm reiterated a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Finally, Craig Hallum upped their price objective on AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AudioEye has an average rating of “Buy” and an average price target of $30.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEYE. Acadian Asset Management LLC purchased a new position in AudioEye during the 1st quarter valued at about $116,000. ClariVest Asset Management LLC acquired a new position in AudioEye during the 2nd quarter valued at approximately $664,000. Renaissance Technologies LLC lifted its stake in shares of AudioEye by 202.5% during the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after buying an additional 40,500 shares during the period. Vanguard Group Inc. grew its holdings in shares of AudioEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after buying an additional 6,929 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of AudioEye by 4.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after acquiring an additional 500 shares during the period. 51.11% of the stock is currently owned by institutional investors.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.