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

AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins purchased 13,300 shares of AudioEye stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the transaction, the director now owns 114,382 shares of the company’s stock, valued at approximately $1,760,338.98. This represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

AudioEye Price Performance

NASDAQ AEYE opened at $11.39 on Friday. The stock’s fifty day moving average price is $15.59 and its 200 day moving average price is $19.78. The company has a market cap of $141.38 million, a price-to-earnings ratio of -42.19, a PEG 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 1 year low of $8.44 and a 1 year high of $34.85.

Institutional Investors Weigh In On AudioEye

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arcadia Wealth Management Inc. acquired a new stake in AudioEye during the 4th quarter worth about $720,000. B. Riley Wealth Advisors Inc. grew its position in AudioEye by 26.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 16,375 shares of the company’s stock worth $249,000 after purchasing an additional 3,400 shares during the period. PharVision Advisers LLC purchased a new stake in shares of AudioEye during the 4th quarter worth about $178,000. Squarepoint Ops LLC boosted its stake in shares of AudioEye by 139.1% during the 4th quarter. Squarepoint Ops LLC now owns 58,833 shares of the company’s stock worth $895,000 after acquiring an additional 34,227 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of AudioEye during the 4th quarter worth about $380,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEYE has been the topic of several research reports. HC Wainwright cut their target price on AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of AudioEye in a research report on Thursday, March 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AudioEye presently has an average rating of “Buy” and a consensus price target of $26.10.

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.