Audioeye (NASDAQ:AEYE) Director Acquires $87,600.00 in Stock

Key Points

• Director James Hawkins of Audioeye, Inc. purchased 8,000 shares at an average price of $10.95 per share, totaling $87,600 and increasing his holdings to approximately $1.6 million.
• The company's stock has seen recent analyst interest with ratings ranging from "buy" to "hold," and an average price target set at $25.25.
• Audioeye's market capitalization is currently $140.23 million, with stock trading at $11.30 and a 52-week price range between $8.91 and $34.85.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins purchased 8,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $10.95 per share, for a total transaction of $87,600.00. Following the acquisition, the director owned 146,183 shares of the company's stock, valued at approximately $1,600,703.85. This represents a 5.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Audioeye Stock Performance

Shares of AEYE stock traded up $0.06 during trading on Tuesday, hitting $11.30. The company's stock had a trading volume of 114,637 shares, compared to its average volume of 152,716. The company has a market cap of $140.23 million, a PE ratio of -33.23, a P/E/G ratio of 1.41 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74. The business has a fifty day moving average of $11.91 and a 200-day moving average of $12.59. Audioeye, Inc. has a 52 week low of $8.91 and a 52 week high of $34.85.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AEYE shares. HC Wainwright restated a "buy" rating and set a $22.00 price target on shares of Audioeye in a research report on Wednesday, April 30th. B. Riley reduced their price target on shares of Audioeye from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of Audioeye in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Audioeye from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $25.25.

Institutional Investors Weigh In On Audioeye

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Audioeye by 3,634.2% in the 1st quarter. US Bancorp DE now owns 2,950 shares of the company's stock worth $33,000 after acquiring an additional 2,871 shares during the last quarter. Quarry LP bought a new stake in Audioeye in the 4th quarter worth $47,000. CWM LLC grew its holdings in Audioeye by 74.0% in the 1st quarter. CWM LLC now owns 4,870 shares of the company's stock worth $54,000 after acquiring an additional 2,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Audioeye by 19.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company's stock worth $54,000 after acquiring an additional 806 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings 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 acquiring an additional 1,035 shares during the last quarter. Institutional investors own 51.11% of the company's stock.

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.

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