AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins Purchases 13,300 Shares

AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) Director James B. Hawkins purchased 13,300 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of $15.39 per share, with a total value of $204,687.00. Following the completion of the purchase, the director now owns 114,382 shares of the company's stock, valued at approximately $1,760,338.98. This represents a 13.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

AudioEye Stock Down 3.5 %

Shares of NASDAQ:AEYE traded down $0.43 during mid-day trading on Tuesday, hitting $11.75. 127,831 shares of the company traded hands, compared to its average volume of 225,199. The stock has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $19.69. AudioEye, Inc. has a 12-month low of $8.44 and a 12-month high of $34.85. The stock has a market cap of $145.85 million, a P/E ratio of -43.52, a P/E/G ratio of 2.03 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92.

Institutional Trading of AudioEye

Several institutional investors and hedge funds have recently made changes to their positions in AEYE. GSA Capital Partners LLP bought a new stake in AudioEye in the 3rd quarter worth about $416,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of AudioEye by 58.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company's stock valued at $841,000 after acquiring an additional 13,556 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AudioEye by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company's stock worth $511,000 after acquiring an additional 1,477 shares during the period. BNP Paribas Financial Markets boosted its position in AudioEye by 345.4% in the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company's stock worth $256,000 after purchasing an additional 8,687 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new position in AudioEye in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

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Analyst Upgrades and Downgrades

AEYE has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price objective on shares of AudioEye in a research note on Thursday, March 13th. HC Wainwright reduced their price target on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AudioEye has an average rating of "Buy" and a consensus 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.