Kelly Georgevich Sells 500 Shares of AudioEye, Inc. (NASDAQ:AEYE) Stock

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 500 shares of AudioEye stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $27.00, for a total value of $13,500.00. Following the sale, the chief financial officer now owns 88,481 shares of the company’s stock, valued at approximately $2,388,987. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kelly Georgevich also recently made the following trade(s):

• On Tuesday, November 12th, Kelly Georgevich sold 10,000 shares of AudioEye stock. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00.

AudioEye Price Performance

Shares of AudioEye stock opened at $25.51 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $23.71 and a 200-day simple moving average of $22.07. The stock has a market capitalization of $310.71 million, a price-to-earnings ratio of -94.48, a PEG ratio of 7.05 and a beta of 1.03. AudioEye, Inc. has a 1-year low of $3.97 and a 1-year high of $34.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. HC Wainwright increased their price target on shares of AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Craig Hallum increased 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. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. 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. Based on data from MarketBeat.com, AudioEye presently has a consensus rating of “Buy” and a consensus price target of $30.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEYE. Vanguard Group Inc. increased its stake in shares of AudioEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after purchasing an additional 6,929 shares during the period. Acadian Asset Management LLC bought a new position in AudioEye in the 1st quarter worth approximately $116,000. Hillsdale Investment Management Inc. bought a new position in AudioEye in the 1st quarter worth approximately $137,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of 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 buying an additional 500 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of AudioEye in the second quarter valued at approximately $348,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

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.