Audioeye (NASDAQ:AEYE) Director Jamil Tahir Acquires 12,641 Shares

Key Points

• Audioeye Director Jamil Tahir acquired 12,641 shares at an average price of $12.59, increasing his ownership stake by 6.48% to a total of 207,641 shares.
• The stock has a current trading price of $13.08 with a market capitalization of $162.32 million and a consensus rating of "Buy" from analysts.
• Recent institutional activity included significant purchases by several hedge funds, with 51.11% of Audioeye's stock now owned by institutional investors.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director Jamil Tahir bought 12,641 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were acquired at an average price of $12.59 per share, with a total value of $159,150.19. Following the completion of the transaction, the director directly owned 207,641 shares of the company's stock, valued at $2,614,200.19. This trade represents a 6.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Audioeye Price Performance

Shares of Audioeye stock traded up $0.20 during trading hours on Monday, reaching $13.08. The stock had a trading volume of 78,177 shares, compared to its average volume of 133,359. The stock's 50 day moving average is $12.05 and its 200 day moving average is $12.02. The firm has a market capitalization of $162.32 million, a PE ratio of -38.32 and a beta of 0.67. Audioeye, Inc. has a twelve month low of $8.91 and a twelve month high of $34.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AEYE shares. Wall Street Zen upgraded shares of Audioeye from a "hold" rating to a "buy" rating in a research report on Friday. B. Riley lowered their price objective 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $25.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AEYE. Two Sigma Investments LP purchased a new stake in shares of Audioeye in the fourth quarter valued at about $380,000. Millennium Management LLC raised its position in Audioeye by 17.4% during the fourth quarter. Millennium Management LLC now owns 42,288 shares of the company's stock worth $643,000 after acquiring an additional 6,278 shares during the last quarter. Bank of America Corp DE raised its position in Audioeye by 314.5% during the fourth quarter. Bank of America Corp DE now owns 59,206 shares of the company's stock worth $901,000 after acquiring an additional 44,923 shares during the last quarter. Nuveen LLC acquired a new position in shares of Audioeye in the first quarter valued at approximately $815,000. Finally, Skylands Capital LLC raised its position in shares of Audioeye by 494.5% in the first quarter. Skylands Capital LLC now owns 80,550 shares of the company's stock valued at $894,000 after buying an additional 67,000 shares during the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.

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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