Cubist Systematic Strategies LLC Acquires Shares of 56,115 AudioEye, Inc. (NASDAQ:AEYE)

Cubist Systematic Strategies LLC acquired a new stake in AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 56,115 shares of the company’s stock, valued at approximately $854,000. Cubist Systematic Strategies LLC owned approximately 0.46% of AudioEye as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEYE. R Squared Ltd purchased a new position in AudioEye in the fourth quarter valued at $36,000. Quarry LP purchased a new stake in shares of AudioEye during the fourth quarter worth about $47,000. Wells Fargo & Company MN increased its stake in shares of AudioEye by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock worth $68,000 after purchasing an additional 1,035 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of AudioEye during the fourth quarter worth about $153,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of AudioEye during the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

AudioEye Stock Performance

AEYE opened at $13.72 on Thursday. The firm has a market capitalization of $170.92 million, a PE ratio of -50.81, a PEG ratio of 2.03 and a beta of 0.94. AudioEye, Inc. has a twelve month low of $8.91 and a twelve month high of $34.85. The firm’s 50-day moving average price is $11.59 and its 200 day moving average price is $16.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92.

Analysts Set New Price Targets

AEYE has been the subject of a number of research reports. B. Riley cut their target price on shares of AudioEye from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Finally, HC Wainwright reissued a “buy” rating and set a $22.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $26.40.

Insider Buying and Selling

In other AudioEye news, Director James B. Hawkins purchased 13,300 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased 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 $1,760,338.98. The trade was a 13.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 40.70% of the stock is currently owned by company insiders.

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.