AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) Director Jamil A. Tahir sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total transaction of $3,000,000.00. Following the completion of the sale, the director now directly owns 195,000 shares of the company's stock, valued at $4,680,000. This trade represents a 39.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AudioEye Stock Up 7.2 %
Shares of AEYE opened at $22.20 on Friday. AudioEye, Inc. has a 52 week low of $4.01 and a 52 week high of $34.85. The firm has a market capitalization of $270.40 million, a P/E ratio of -82.22, a P/E/G ratio of 5.90 and a beta of 1.00. The company has a 50-day simple moving average of $24.75 and a 200-day simple moving average of $22.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. HC Wainwright upped their target price on AudioEye from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Roth Mkm reaffirmed a "buy" rating and set a $35.00 price objective (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AudioEye presently has an average rating of "Buy" and an average price target of $30.13.
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Get Our Latest Analysis on AEYE
Institutional Investors Weigh In On AudioEye
A number of institutional investors have recently bought and sold shares of AEYE. Summit Partners Public Asset Management LLC increased its stake 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 acquiring an additional 101,302 shares during the period. ClariVest Asset Management LLC bought a new stake in AudioEye during the second quarter worth about $664,000. Renaissance Technologies LLC raised its position in AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company's stock valued at $1,065,000 after purchasing an additional 40,500 shares during the last quarter. 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 valued at $3,095,000 after buying an additional 6,929 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in AudioEye by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company's stock worth $130,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 51.11% of the company's stock.
About AudioEye
(
Get Free Report)
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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