Sei Investments Co. Makes New Investment in AudioEye, Inc. (NASDAQ:AEYE)

Sei Investments Co. purchased a new position in AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 58,497 shares of the company's stock, valued at approximately $890,000. Sei Investments Co. owned approximately 0.48% of AudioEye at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEYE. R Squared Ltd bought a new position in AudioEye during the fourth quarter valued at $36,000. MetLife Investment Management LLC bought a new stake in shares of AudioEye during the third quarter worth $54,000. Ieq Capital LLC purchased a new stake in AudioEye in the 4th quarter valued at about $153,000. Skylands Capital LLC bought a new position in AudioEye in the fourth quarter worth approximately $206,000. Finally, Quantbot Technologies LP bought a new position in shares of AudioEye during the 4th quarter worth $225,000. 51.11% of the stock is currently owned by institutional investors.

AudioEye Stock Performance

AudioEye stock traded up $0.19 during mid-day trading on Friday, hitting $11.12. The company had a trading volume of 67,692 shares, compared to its average volume of 223,039. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $138.03 million, a price-to-earnings ratio of -41.19, a P/E/G ratio of 2.03 and a beta of 1.39. The company's fifty day moving average is $13.36 and its 200-day moving average is $18.49. AudioEye, Inc. has a 12-month low of $8.91 and a 12-month high of $34.85.

Analyst Ratings Changes

AEYE has been the topic of several research reports. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of AudioEye in a report on Wednesday, April 2nd. HC Wainwright lowered their price target on 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $26.10.

Insider Buying and Selling

In other AudioEye news, Director James B. Hawkins purchased 13,300 shares of the stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the transaction, the director now owns 114,382 shares of the company's stock, valued at $1,760,338.98. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 40.70% of the stock is currently owned by insiders.

AudioEye 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.