149,910 Shares in Audioeye, Inc. $AEYE Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 149,910 shares of Audioeye, Inc. valued at approximately $1.66 million, representing a 1.20% stake in the company.
• Multiple institutional investors, including Nuveen LLC and Bank of America Corp DE, have recently increased their stakes in Audioeye, reflecting a growing interest in the company.
• Audioeye's stock is currently priced at $12.90, down 3.9%, with a consensus price target among analysts set at $25.25.

Jacobs Levy Equity Management Inc. bought a new stake in Audioeye, Inc. (NASDAQ:AEYE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 149,910 shares of the company's stock, valued at approximately $1,664,000. Jacobs Levy Equity Management Inc. owned 1.20% of Audioeye as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEYE. Wells Fargo & Company MN lifted its stake in shares of 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 purchasing an additional 1,035 shares during the period. Barclays PLC increased its position in Audioeye by 10.9% during the 4th quarter. Barclays PLC now owns 11,292 shares of the company's stock valued at $172,000 after buying an additional 1,111 shares in the last quarter. Northern Trust Corp increased its position in Audioeye by 23.3% during the 4th quarter. Northern Trust Corp now owns 82,837 shares of the company's stock valued at $1,260,000 after buying an additional 15,648 shares in the last quarter. Bank of America Corp DE increased its position in Audioeye by 314.5% during the 4th quarter. Bank of America Corp DE now owns 59,206 shares of the company's stock valued at $901,000 after buying an additional 44,923 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Audioeye during the 4th quarter valued at approximately $854,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Audioeye Stock Down 1.0%

Shares of Audioeye stock traded down $0.13 on Friday, reaching $13.36. The company's stock had a trading volume of 58,714 shares, compared to its average volume of 89,459. The company has a market capitalization of $165.77 million, a price-to-earnings ratio of -39.29 and a beta of 0.67. The firm's fifty day simple moving average is $12.20 and its two-hundred day simple moving average is $12.02. Audioeye, Inc. has a 52 week low of $8.91 and a 52 week high of $34.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.74.

Insiders Place Their Bets

In other Audioeye news, Director James B. Hawkins bought 8,000 shares of Audioeye stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $10.95 per share, with a total value of $87,600.00. Following the acquisition, the director owned 146,183 shares in the company, valued at approximately $1,600,703.85. This trade represents a 5.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jamil A. Tahir acquired 12,359 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average cost of $12.71 per share, with a total value of $157,082.89. Following the acquisition, the director directly owned 220,000 shares of the company's stock, valued at $2,796,200. This trade represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,000 shares of company stock valued at $403,833. Corporate insiders own 28.80% of the company's stock.

Analyst Upgrades and Downgrades

AEYE has been the subject of a number of analyst reports. B. Riley reduced their price objective on Audioeye from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Wall Street Zen raised Audioeye from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $25.25.

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.