Cubist Systematic Strategies LLC Buys New Position in AudioEye, Inc. (NASDAQ:AEYE)

Cubist Systematic Strategies LLC bought a new stake in AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,115 shares of the company's stock, valued at approximately $854,000. Cubist Systematic Strategies LLC owned about 0.46% of AudioEye as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Barclays PLC raised its stake in AudioEye by 37.7% in the 3rd 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. Raymond James Financial Inc. purchased a new position in AudioEye in the 4th quarter worth approximately $606,000. Bank of New York Mellon Corp boosted its holdings in AudioEye by 187.4% in the 4th quarter. Bank of New York Mellon Corp now owns 46,860 shares of the company's stock worth $713,000 after acquiring an additional 30,556 shares during the period. Hood River Capital Management LLC purchased a new position in AudioEye in the 4th quarter worth approximately $3,739,000. Finally, Renaissance Technologies LLC raised its position in shares of AudioEye by 32.2% in the 4th quarter. Renaissance Technologies LLC now owns 52,100 shares of the company's stock valued at $792,000 after purchasing an additional 12,700 shares in the last quarter. Institutional investors and hedge funds own 51.11% of the company's stock.

Insider Transactions at AudioEye

In other AudioEye news, Director James B. Hawkins purchased 13,300 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $15.39 per share, with a total value of $204,687.00. Following the completion of the purchase, the director now owns 114,382 shares in the company, valued at $1,760,338.98. This trade represents a 13.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 28.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AEYE. B. Riley cut their target price on AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. HC Wainwright reissued a "buy" rating and set a $22.00 price target on shares of AudioEye in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of AudioEye in a research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $26.40.

AudioEye Stock Performance

Shares of NASDAQ:AEYE traded down $0.21 on Tuesday, hitting $12.82. The company's stock had a trading volume of 20,254 shares, compared to its average volume of 209,258. AudioEye, Inc. has a 12 month low of $8.91 and a 12 month high of $34.85. The company has a market capitalization of $159.72 million, a price-to-earnings ratio of -47.17, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The stock's 50-day moving average is $11.65 and its two-hundred day moving average is $16.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84.

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.