Skylands Capital LLC Raises Stock Holdings in Audioeye, Inc. (NASDAQ:AEYE)

Skylands Capital LLC increased its position in shares of Audioeye, Inc. (NASDAQ:AEYE - Free Report) by 494.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,550 shares of the company's stock after acquiring an additional 67,000 shares during the period. Skylands Capital LLC owned about 0.65% of Audioeye worth $894,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Audioeye in the 4th quarter valued at $47,000. Wells Fargo & Company MN lifted its position in shares of Audioeye by 30.0% during 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 during the period. GAMMA Investing LLC raised its stake in Audioeye by 44,300.0% during the 1st quarter. GAMMA Investing LLC now owns 7,992 shares of the company's stock worth $89,000 after buying an additional 7,974 shares during the period. Ieq Capital LLC acquired a new position in shares of Audioeye during the fourth quarter worth approximately $153,000. Finally, Rhumbline Advisers lifted its stake in shares of Audioeye by 14.5% in the first quarter. Rhumbline Advisers now owns 10,360 shares of the company's stock valued at $115,000 after buying an additional 1,313 shares in the last quarter. Institutional investors own 51.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AEYE shares. B. Riley cut their price objective on shares of Audioeye from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Audioeye from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of Audioeye in a research report on Wednesday, April 30th. Finally, HC Wainwright restated a "buy" rating and set a $22.00 target price on shares of Audioeye in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $26.40.

Audioeye Stock Up 1.0%

NASDAQ AEYE traded up $0.12 during trading hours on Tuesday, reaching $11.77. 87,662 shares of the company's stock traded hands, compared to its average volume of 183,426. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50-day simple moving average of $12.18 and a 200 day simple moving average of $13.73. Audioeye, Inc. has a 52-week low of $8.91 and a 52-week high of $34.85. The firm has a market cap of $146.65 million, a PE ratio of -29.42, a PEG ratio of 1.46 and a beta of 0.91.

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.