Audioeye (NASDAQ:AEYE) Director James Hawkins Purchases 8,000 Shares

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins purchased 8,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of $12.57 per share, for a total transaction of $100,560.00. Following the completion of the purchase, the director owned 154,850 shares in the company, valued at approximately $1,946,464.50. The trade was a 5.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Audioeye Price Performance

Shares of AEYE stock traded down $0.50 during mid-day trading on Thursday, hitting $12.13. The company had a trading volume of 14,971 shares, compared to its average volume of 126,046. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $150.58 million, a P/E ratio of -35.82 and a beta of 0.64. Audioeye, Inc. has a 52-week low of $8.91 and a 52-week high of $28.50. The stock’s 50 day moving average price is $13.81 and its 200-day moving average price is $12.71.

Institutional Trading of Audioeye

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in shares of Audioeye by 9.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,341,510 shares of the company’s stock valued at $15,629,000 after buying an additional 115,579 shares during the period. Formula Growth Ltd. boosted its stake in Audioeye by 30.0% in the second quarter. Formula Growth Ltd. now owns 260,000 shares of the company’s stock valued at $3,029,000 after buying an additional 60,000 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in Audioeye by 12.9% during the 2nd quarter. Kennedy Capital Management LLC now owns 195,609 shares of the company’s stock worth $2,279,000 after acquiring an additional 22,370 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Audioeye in the first quarter valued at approximately $1,664,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Audioeye by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,392 shares of the company’s stock valued at $1,203,000 after purchasing an additional 18,513 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEYE. Wall Street Zen upgraded shares of Audioeye from a “hold” rating to a “buy” rating in a report on Friday, September 5th. B. Riley reduced their price objective on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a report on Wednesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating on shares of Audioeye in a report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Audioeye presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

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.