Diametric Capital LP Invests $207,000 in AudioEye, Inc. (NASDAQ:AEYE)

Diametric Capital LP purchased a new stake in AudioEye, Inc. (NASDAQ:AEYE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,625 shares of the company’s stock, valued at approximately $207,000. Diametric Capital LP owned approximately 0.11% of AudioEye as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of AudioEye by 37.7% during the 3rd quarter. Barclays PLC now owns 10,181 shares of the company’s stock worth $233,000 after purchasing an additional 2,788 shares during the last quarter. Franklin Resources Inc. acquired a new position in AudioEye during the third quarter worth $363,000. BNP Paribas Financial Markets increased its position in AudioEye by 345.4% during the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock worth $256,000 after buying an additional 8,687 shares during the last quarter. Centiva Capital LP bought a new position in AudioEye during the third quarter valued at about $286,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of AudioEye by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after buying an additional 1,477 shares during the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

AudioEye Stock Up 5.2 %

Shares of AEYE stock opened at $11.88 on Thursday. The stock has a 50 day moving average of $14.79 and a 200-day moving average of $19.26. The firm has a market cap of $147.47 million, a PE ratio of -44.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a 12 month low of $8.44 and a 12 month high of $34.85.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HC Wainwright cut their price objective on AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of AudioEye in a research note on Wednesday. Five equities research 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, the stock currently has an average rating of “Buy” and an average target price of $26.10.

Insider Activity at AudioEye

In related news, Director James B. Hawkins acquired 13,300 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of $15.39 per share, with a total value of $204,687.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 40.70% 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.