AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi Sells 14,061 Shares

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 14,061 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $26.14, for a total transaction of $367,554.54. Following the completion of the sale, the chief executive officer now owns 2,764,290 shares in the company, valued at approximately $72,258,540.60. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

David Moradi also recently made the following trade(s):

• On Tuesday, November 12th, David Moradi sold 68,298 shares of AudioEye stock. The shares were sold at an average price of $29.48, for a total transaction of $2,013,425.04.

AudioEye Trading Down 1.0 %

AEYE stock traded down $0.27 during midday trading on Thursday, reaching $26.16. 250,955 shares of the company traded hands, compared to its average volume of 180,016. AudioEye, Inc. has a 52-week low of $3.97 and a 52-week high of $34.85. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50 day moving average of $23.49 and a 200-day moving average of $21.97. The firm has a market capitalization of $318.63 million, a price-to-earnings ratio of -96.89, a P/E/G ratio of 7.63 and a beta of 1.03.

Hedge Funds Weigh In On AudioEye

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of AudioEye during the 1st quarter worth about $116,000. ClariVest Asset Management LLC purchased a new stake in AudioEye in the second quarter worth $664,000. Renaissance Technologies LLC increased its stake in AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after purchasing an additional 40,500 shares during the period. Vanguard Group Inc. increased its stake in AudioEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after purchasing an additional 6,929 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in AudioEye by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares during the period. 51.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEYE has been the subject of a number of recent research reports. Craig Hallum raised their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, July 26th. HC Wainwright raised their target price on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a report on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $35.00 target price (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.13.

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.