Renaissance Technologies LLC Boosts Holdings in AudioEye, Inc. (NASDAQ:AEYE)

Renaissance Technologies LLC increased its holdings in AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 202.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,500 shares of the company's stock after purchasing an additional 40,500 shares during the period. Renaissance Technologies LLC owned approximately 0.52% of AudioEye worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in AudioEye by 2.3% during the 1st 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. Acadian Asset Management LLC bought a new position in shares of AudioEye in the 1st quarter worth about $116,000. Hillsdale Investment Management Inc. bought a new position in shares of AudioEye in the 1st quarter worth about $137,000. B. Riley Wealth Advisors Inc. increased its stake 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 worth $130,000 after acquiring an additional 500 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of AudioEye in the 2nd quarter worth about $348,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Craig Hallum increased their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 26th. HC Wainwright raised their price target on shares of AudioEye from $23.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Roth Mkm assumed coverage on shares of AudioEye in a report on Friday, June 21st. They issued a "buy" rating and a $25.00 price objective on the stock. Finally, Roth Capital raised shares of AudioEye to a "strong-buy" rating in a report on Friday, June 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, AudioEye presently has an average rating of "Buy" and a consensus price target of $25.38.

AudioEye Stock Performance

NASDAQ AEYE traded down $0.54 on Monday, reaching $22.84. 87,922 shares of the stock were exchanged, compared to its average volume of 178,949. The firm has a market capitalization of $265.83 million, a PE ratio of -58.13, a PEG ratio of 6.50 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39. AudioEye, Inc. has a one year low of $3.75 and a one year high of $29.30. The company's 50-day simple moving average is $22.51 and its two-hundred day simple moving average is $19.53.

AudioEye (NASDAQ:AEYE - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $8.47 million for the quarter, compared to analysts' expectations of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. Analysts expect that AudioEye, Inc. will post 0.14 EPS for the current fiscal year.

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.