Cwm LLC Buys New Position in AudioEye, Inc. (NASDAQ:AEYE)

Cwm LLC acquired a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) in the third quarter, Holdings Channel.com reports. The fund acquired 4,064 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in AudioEye in the first quarter worth approximately $116,000. ClariVest Asset Management LLC acquired a new position in AudioEye in the 2nd quarter valued at approximately $664,000. Renaissance Technologies LLC lifted its position in AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after purchasing an additional 40,500 shares during the period. Vanguard Group Inc. boosted its position in shares of AudioEye by 2.3% during the 1st 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 in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in AudioEye by 4.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

Analyst Upgrades and Downgrades

AEYE has been the topic of several research analyst reports. HC Wainwright increased their target price on AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Craig Hallum upped their target price on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $25.38.

AudioEye Price Performance

Shares of AEYE stock opened at $22.75 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39. AudioEye, Inc. has a 12 month low of $3.75 and a 12 month high of $29.30. The firm has a market cap of $264.79 million, a price-to-earnings ratio of -58.33, a PEG ratio of 6.18 and a beta of 1.00. The stock has a 50-day moving average price of $22.91 and a 200 day moving average price of $20.90.

AudioEye (NASDAQ:AEYE) last posted its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. Research analysts expect that AudioEye, Inc. will post 0.14 EPS for the current year.

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.