AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins Purchases 13,300 Shares

AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins purchased 13,300 shares of AudioEye 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 acquisition, the director now owns 114,382 shares in the company, valued at approximately $1,760,338.98. This represents a 13.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AudioEye Stock Down 0.9 %

AEYE stock opened at $11.39 on Friday. The firm’s fifty day simple moving average is $15.59 and its 200-day simple moving average is $19.76. The company has a market capitalization of $141.38 million, a P/E ratio of -42.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. AudioEye, Inc. has a 12 month low of $8.44 and a 12 month high of $34.85.

Analysts Set New Price Targets

Several research firms recently commented on AEYE. 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. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of AudioEye in a research note on Thursday, March 13th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $26.10.

Institutional Trading of AudioEye

Several large investors have recently made changes to their positions in the business. Summit Partners Public Asset Management LLC boosted its holdings in shares of AudioEye by 24.5% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock valued at $11,774,000 after acquiring an additional 101,302 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in AudioEye during the fourth quarter worth $3,802,000. Hood River Capital Management LLC purchased a new stake in AudioEye during the fourth quarter worth $3,739,000. Formula Growth Ltd. purchased a new stake in AudioEye during the fourth quarter worth $1,977,000. Finally, Northern Trust Corp boosted its holdings in AudioEye by 23.3% during the fourth quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock worth $1,260,000 after buying an additional 15,648 shares in the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.

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.