AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) CFO Kelly Georgevich sold 500 shares of AudioEye stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $27.00, for a total value of $13,500.00. Following the sale, the chief financial officer now directly owns 88,481 shares of the company's stock, valued at approximately $2,388,987. This represents a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $29.00, for a total value of $290,000.00.
AudioEye Stock Performance
Shares of NASDAQ AEYE traded down $0.90 during midday trading on Friday, reaching $25.26. 57,994 shares of the stock were exchanged, compared to its average volume of 179,467. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day simple moving average of $23.59 and a two-hundred day simple moving average of $22.00. AudioEye, Inc. has a twelve month low of $3.97 and a twelve month high of $34.85.
Institutional Trading of AudioEye
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Hedge funds have recently added to or reduced their stakes in the company. Summit Partners Public Asset Management LLC grew its holdings in AudioEye by 24.5% in the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company's stock valued at $11,774,000 after purchasing an additional 101,302 shares during the period. Vanguard Group Inc. grew its stake in AudioEye by 2.3% in 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 during the period. Renaissance Technologies LLC increased its holdings in AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company's stock worth $1,065,000 after acquiring an additional 40,500 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in AudioEye during the second quarter worth $664,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in AudioEye by 58.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company's stock valued at $841,000 after purchasing an additional 13,556 shares in the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on AEYE shares. Roth Mkm restated a "buy" rating and set a $35.00 price objective (up from $25.00) on shares of AudioEye in a research note on Friday, November 8th. HC Wainwright boosted their target price on shares of AudioEye from $28.00 to $37.00 and gave the company a "buy" rating in a research report on Monday. Finally, Craig Hallum upped their price target on shares of AudioEye from $20.00 to $30.00 and gave the company a "buy" rating in a report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $30.13.
View Our Latest Research Report on AEYE
AudioEye Company Profile
(
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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.
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