Alyeska Investment Group L.P. Acquires New Holdings in AudioEye, Inc. (NASDAQ:AEYE)

Alyeska Investment Group L.P. purchased a new stake in AudioEye, Inc. (NASDAQ:AEYE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 250,000 shares of the company's stock, valued at approximately $3,802,000. Alyeska Investment Group L.P. owned 2.05% of AudioEye as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in AudioEye by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company's stock valued at $68,000 after acquiring an additional 1,035 shares in the last quarter. Barclays PLC increased its position in AudioEye by 10.9% during the fourth quarter. Barclays PLC now owns 11,292 shares of the company's stock worth $172,000 after buying an additional 1,111 shares during the last quarter. R Squared Ltd bought a new stake in AudioEye in the 4th quarter valued at $36,000. Quarry LP bought a new position in shares of AudioEye in the fourth quarter valued at about $47,000. Finally, Ieq Capital LLC acquired a new stake in AudioEye during the fourth quarter worth approximately $153,000. Institutional investors and hedge funds own 51.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEYE. HC Wainwright reiterated a "buy" rating and issued a $22.00 price target on shares of AudioEye in a research note on Wednesday, April 30th. B. Riley decreased their target price on shares of AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $25.00 price objective on shares of AudioEye in a report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AudioEye has an average rating of "Buy" and a consensus target price of $26.40.

Insider Buying and Selling

In other news, Director James B. Hawkins acquired 13,300 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the purchase, the director now owns 114,382 shares in the company, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 28.80% of the stock is owned by corporate insiders.

AudioEye Stock Up 6.1 %

AEYE traded up $0.69 during midday trading on Thursday, reaching $11.91. 128,175 shares of the company were exchanged, compared to its average volume of 211,822. AudioEye, Inc. has a one year low of $8.91 and a one year high of $34.85. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $148.01 million, a price-to-earnings ratio of -44.11, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company's fifty day moving average price is $11.52 and its 200 day moving average price is $16.98.

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.