AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi Sells 68,298 Shares

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 68,298 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $29.48, for a total value of $2,013,425.04. Following the sale, the chief executive officer now directly owns 2,830,035 shares of the company’s stock, valued at $83,429,431.80. The trade was a 2.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, November 14th, David Moradi sold 14,061 shares of AudioEye stock. The stock was sold at an average price of $26.14, for a total transaction of $367,554.54.

AudioEye Trading Up 0.5 %

AEYE traded up $0.13 on Friday, hitting $26.29. 34,259 shares of the stock traded hands, compared to its average volume of 179,360. The business has a fifty day moving average price of $23.59 and a two-hundred day moving average price of $22.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a 52 week low of $3.97 and a 52 week high of $34.85.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEYE. HC Wainwright boosted their target price on shares of AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. Finally, Craig Hallum upped their price target on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.13.

Institutional Investors Weigh In On AudioEye

Institutional investors have recently bought and sold shares of the business. Summit Partners Public Asset Management LLC grew its stake 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 purchasing an additional 101,302 shares during the period. Vanguard Group Inc. grew its position in AudioEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after acquiring an additional 6,929 shares during the period. Renaissance Technologies LLC raised its stake in AudioEye by 202.5% during the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after acquiring an additional 40,500 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of AudioEye during the second quarter valued at $664,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of AudioEye by 58.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company’s stock valued at $841,000 after purchasing an additional 13,556 shares in the last quarter. Institutional investors and hedge funds own 51.11% 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.