Insider Buying: AudioEye, Inc. (NASDAQ:AEYE) Director Purchases 13,300 Shares of Stock

AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins acquired 13,300 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $15.39 per share, with a total value of $204,687.00. Following the acquisition, the director now owns 114,382 shares in the company, valued at $1,760,338.98. The trade was a 13.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

AudioEye Stock Down 0.9 %

AudioEye stock opened at $11.39 on Friday. AudioEye, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $34.85. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50 day moving average price of $15.59 and a 200 day moving average price of $19.78. The company has a market capitalization of $141.38 million, a PE ratio of -42.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11.

Institutional Trading of AudioEye

Institutional investors have recently added to or reduced their stakes in the stock. Summit Partners Public Asset Management LLC increased its holdings in AudioEye by 24.5% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock valued at $11,774,000 after purchasing an additional 101,302 shares during the last quarter. Barclays PLC boosted its position in AudioEye by 37.7% in the 3rd quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after buying an additional 2,788 shares during the period. Franklin Resources Inc. purchased a new position in AudioEye in the 3rd quarter valued at approximately $363,000. BNP Paribas Financial Markets boosted its position in AudioEye by 345.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock valued at $256,000 after buying an additional 8,687 shares during the period. Finally, Centiva Capital LP purchased a new position in AudioEye in the 3rd quarter valued at approximately $286,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AEYE shares. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of AudioEye in a report on Thursday, March 13th. HC Wainwright cut their price target on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $26.10.

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.