Insider Selling: AudioEye, Inc. (NASDAQ:AEYE) CFO Sells $13,500.00 in Stock

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $27.00, for a total value of $13,500.00. Following the transaction, the chief financial officer now owns 88,481 shares in the company, valued at $2,388,987. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, November 12th, Kelly Georgevich sold 10,000 shares of AudioEye stock. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00.

AudioEye Trading Down 2.5 %

Shares of NASDAQ:AEYE opened at $25.51 on Friday. 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 company’s 50-day moving average price is $23.71 and its 200 day moving average price is $22.11. The company has a market cap of $310.71 million, a PE ratio of -94.48, a P/E/G ratio of 7.05 and a beta of 1.03. AudioEye, Inc. has a fifty-two week low of $3.97 and a fifty-two week high of $34.85.

Analysts Set New Price Targets

AEYE has been the subject of a number of recent research reports. HC Wainwright boosted 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, November 11th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Finally, Craig Hallum raised their price target on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AudioEye currently has an average rating of “Buy” and an average target price of $30.13.

Institutional Investors Weigh In On AudioEye

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC grew its holdings in AudioEye by 37.7% in the 3rd quarter. Barclays PLC now owns 10,181 shares of the company’s stock worth $233,000 after buying an additional 2,788 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of AudioEye in the third quarter worth $263,000. Centiva Capital LP bought a new position in shares of AudioEye in the third quarter worth $286,000. Summit Partners Public Asset Management LLC increased its holdings in shares of AudioEye by 24.5% during the third 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 period. Finally, MetLife Investment Management LLC bought a new stake in shares of AudioEye during the third quarter valued at about $54,000. Institutional investors own 51.11% of the company’s stock.

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.