Audioeye (NASDAQ:AEYE) Director Jamil Tahir Acquires 12,641 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director Jamil Tahir purchased 12,641 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average cost of $12.59 per share, with a total value of $159,150.19. Following the acquisition, the director owned 207,641 shares of the company’s stock, valued at $2,614,200.19. This represents a 6.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Audioeye Stock Down 3.9%

NASDAQ:AEYE opened at $12.90 on Thursday. The company has a market cap of $160.09 million, a price-to-earnings ratio of -37.94 and a beta of 0.67. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s fifty day moving average price is $12.14 and its two-hundred day moving average price is $12.02. Audioeye, Inc. has a 52-week low of $8.91 and a 52-week high of $34.85.

Institutional Investors Weigh In On Audioeye

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Audioeye by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock valued at $68,000 after purchasing an additional 1,035 shares during the last quarter. Barclays PLC grew its position in shares of Audioeye by 10.9% during the 4th quarter. Barclays PLC now owns 11,292 shares of the company’s stock worth $172,000 after buying an additional 1,111 shares during the period. Northern Trust Corp increased its stake in shares of Audioeye by 23.3% in the 4th quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock valued at $1,260,000 after acquiring an additional 15,648 shares during the last quarter. Bank of America Corp DE raised its position in shares of Audioeye by 314.5% in the 4th quarter. Bank of America Corp DE now owns 59,206 shares of the company’s stock valued at $901,000 after acquiring an additional 44,923 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Audioeye in the 4th quarter valued at approximately $854,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley cut their price target on Audioeye from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Audioeye from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Audioeye currently has an average rating of “Buy” and a consensus target price of $25.25.

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.