Nuveen Asset Management LLC Sells 137,860 Shares of AudioEye, Inc. (NASDAQ:AEYE)

Nuveen Asset Management LLC trimmed its holdings in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 58.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,108 shares of the company's stock after selling 137,860 shares during the period. Nuveen Asset Management LLC owned approximately 0.81% of AudioEye worth $1,492,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of AudioEye during the fourth quarter valued at $606,000. Bank of New York Mellon Corp grew its holdings in AudioEye by 187.4% during the fourth 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 acquired a new position in AudioEye during the fourth quarter worth about $3,739,000. Renaissance Technologies LLC grew its holdings in AudioEye by 32.2% during the fourth quarter. Renaissance Technologies LLC now owns 52,100 shares of the company's stock worth $792,000 after acquiring an additional 12,700 shares during the period. Finally, Sei Investments Co. acquired a new position in AudioEye during the fourth quarter worth about $890,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEYE has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of AudioEye in a report on Wednesday, April 30th. HC Wainwright reaffirmed a "buy" rating and set a $22.00 target price on shares of AudioEye in a report on Wednesday, April 30th. B. Riley lowered their target price on AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised AudioEye from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AudioEye currently has an average rating of "Buy" and an average target price of $26.40.

AudioEye Stock Down 3.5%

NASDAQ AEYE traded down $0.45 during trading on Thursday, reaching $12.32. 62,593 shares of the company's stock were exchanged, compared to its average volume of 198,943. AudioEye, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $34.85. The firm has a market capitalization of $153.48 million, a PE ratio of -45.63, a P/E/G ratio of 2.03 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The company's fifty day simple moving average is $11.84 and its 200-day simple moving average is $15.38.

Insiders Place Their Bets

In other news, Director James B. Hawkins purchased 13,300 shares of AudioEye stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $15.39 per share, for a total transaction of $204,687.00. Following the acquisition, the director now directly owns 114,382 shares in the company, valued at $1,760,338.98. This represents a 13.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 28.80% 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.