Audioeye’s (AEYE) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of Audioeye (NASDAQ:AEYE) in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently commented on AEYE. B. Riley cut their price objective on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Wall Street Zen raised shares of Audioeye from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.25.

Audioeye Trading Down 6.1%

AEYE opened at $13.72 on Wednesday. The stock has a market capitalization of $170.27 million, a P/E ratio of -40.35 and a beta of 0.58. Audioeye has a 12 month low of $8.91 and a 12 month high of $34.85. The firm’s fifty day simple moving average is $12.82 and its 200 day simple moving average is $12.26. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74.

Insider Transactions at Audioeye

In other news, Director James B. Hawkins bought 8,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $10.95 per share, with a total value of $87,600.00. Following the acquisition, the director owned 146,183 shares in the company, valued at $1,600,703.85. This trade represents a 5.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jamil A. Tahir bought 12,359 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was purchased at an average cost of $12.71 per share, for a total transaction of $157,082.89. Following the completion of the acquisition, the director owned 220,000 shares in the company, valued at $2,796,200. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 33,000 shares of company stock worth $403,833. 28.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Audioeye

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Audioeye by 3,634.2% in the 1st quarter. US Bancorp DE now owns 2,950 shares of the company’s stock valued at $33,000 after purchasing an additional 2,871 shares during the period. CWM LLC grew its stake in Audioeye by 74.0% in the 1st quarter. CWM LLC now owns 4,870 shares of the company’s stock valued at $54,000 after buying an additional 2,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Audioeye by 19.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock valued at $54,000 after buying an additional 806 shares during the last quarter. GAMMA Investing LLC grew its stake in Audioeye by 44,300.0% in the 1st quarter. GAMMA Investing LLC now owns 7,992 shares of the company’s stock valued at $89,000 after buying an additional 7,974 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Audioeye by 14.5% in the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock valued at $115,000 after buying an additional 1,313 shares during the last quarter. 51.11% of the stock is owned by 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.