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

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

AudioEye Stock Performance

AEYE traded down $0.10 during trading hours on Friday, hitting $11.39. The stock had a trading volume of 333,638 shares, compared to its average volume of 225,499. The company’s fifty day simple moving average is $15.67 and its 200 day simple moving average is $19.86. AudioEye, Inc. has a 1 year low of $8.44 and a 1 year high of $34.85. The stock has a market cap of $141.38 million, a PE ratio of -42.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92.

Institutional Trading of AudioEye

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in AudioEye by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock worth $68,000 after buying an additional 1,035 shares during the last quarter. Barclays PLC increased its stake in shares of AudioEye by 10.9% during the fourth quarter. Barclays PLC now owns 11,292 shares of the company’s stock valued at $172,000 after buying an additional 1,111 shares during the period. Charles Schwab Investment Management Inc. grew its stake in AudioEye by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after purchasing an additional 1,477 shares during the period. MetLife Investment Management LLC purchased a new stake in AudioEye in the third quarter worth $54,000. Finally, R Squared Ltd purchased a new stake in shares of AudioEye in the fourth quarter worth $36,000. Institutional investors own 51.11% of the company’s stock.

Wall Street Analyst Weigh In

AEYE has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of AudioEye in a research report on Thursday, March 13th. HC Wainwright dropped their target price on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Five investment 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.com, the company has a consensus rating of “Buy” and an average target price of $26.10.

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.