AudioEye, Inc. (NASDAQ:AEYE) Director Buys $204,687.00 in Stock

AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins purchased 13,300 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were acquired 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 directly owns 114,382 shares in the company, valued at approximately $1,760,338.98. This represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AudioEye Price Performance

Shares of AEYE opened at $11.39 on Monday. 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’s fifty day simple moving average is $15.59 and its 200 day simple moving average is $19.75. AudioEye, Inc. has a 1-year low of $8.44 and a 1-year high of $34.85. The company has a market cap of $141.38 million, a price-to-earnings ratio of -42.19, a PEG ratio of 2.03 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new stake in shares of AudioEye in the 4th quarter valued at about $3,802,000. Hood River Capital Management LLC acquired a new position in AudioEye during the fourth quarter worth approximately $3,739,000. Formula Growth Ltd. bought a new stake in AudioEye in the fourth quarter valued at approximately $1,977,000. Summit Partners Public Asset Management LLC lifted its position in shares of AudioEye by 24.5% in 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 buying an additional 101,302 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of AudioEye in the fourth quarter valued at approximately $1,011,000. Institutional investors own 51.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEYE shares. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of AudioEye in a report on Thursday, March 13th. HC Wainwright reduced their price objective on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $26.10.

About AudioEye

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.