Raymond James Financial Inc. Takes $606,000 Position in AudioEye, Inc. (NASDAQ:AEYE)

Raymond James Financial Inc. purchased a new stake in AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 39,863 shares of the company's stock, valued at approximately $606,000. Raymond James Financial Inc. owned 0.33% of AudioEye at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its stake in AudioEye by 37.7% in the third quarter. Barclays PLC now owns 10,181 shares of the company's stock valued at $233,000 after purchasing an additional 2,788 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of AudioEye in the 3rd quarter valued at about $363,000. BNP Paribas Financial Markets grew its position in shares of AudioEye by 345.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company's stock worth $256,000 after buying an additional 8,687 shares during the last quarter. Centiva Capital LP bought a new position in shares of AudioEye during the 3rd quarter worth approximately $286,000. Finally, Charles Schwab Investment Management Inc. lifted its position in AudioEye by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company's stock valued at $511,000 after acquiring an additional 1,477 shares during the last quarter. 51.11% of the stock is owned by institutional investors.

AudioEye Stock Performance

Shares of AEYE traded up $0.19 during trading hours on Friday, reaching $11.12. 67,692 shares of the company traded hands, compared to its average volume of 222,899. The stock has a market capitalization of $138.03 million, a P/E ratio of -41.19, a P/E/G ratio of 2.03 and a beta of 1.39. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $13.36 and a 200-day moving average price of $18.52. AudioEye, Inc. has a 12-month low of $8.91 and a 12-month high of $34.85.

Insiders Place Their Bets

In other AudioEye news, Director James B. Hawkins purchased 13,300 shares of AudioEye stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of $15.39 per share, with a total value of $204,687.00. Following the transaction, the director now owns 114,382 shares of the company's stock, valued at $1,760,338.98. This represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AEYE has been the topic of several analyst reports. HC Wainwright cut their price target on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Needham & Company LLC restated a "buy" rating and set a $25.00 target price on shares of AudioEye in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.