Nuveen LLC Takes Position in Audioeye, Inc. $AEYE

Nuveen LLC bought a new position in shares of Audioeye, Inc. (NASDAQ:AEYE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 73,458 shares of the company's stock, valued at approximately $815,000. Nuveen LLC owned about 0.59% of Audioeye as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AEYE. US Bancorp DE boosted its holdings in shares of Audioeye by 3,634.2% during the first quarter. US Bancorp DE now owns 2,950 shares of the company's stock valued at $33,000 after acquiring an additional 2,871 shares during the period. Wells Fargo & Company MN lifted its position in 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 last quarter. CWM LLC boosted its stake in Audioeye by 74.0% during the 1st quarter. CWM LLC now owns 4,870 shares of the company's stock valued at $54,000 after purchasing an additional 2,071 shares during the period. GAMMA Investing LLC boosted 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 valued at $89,000 after purchasing an additional 7,974 shares during the period. Finally, Rhumbline Advisers grew its position in Audioeye by 14.5% in the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company's stock worth $115,000 after purchasing an additional 1,313 shares during the last quarter. Institutional investors own 51.11% of the company's stock.

Audioeye Price Performance

Shares of Audioeye stock traded up $0.15 on Friday, hitting $12.88. The company had a trading volume of 81,987 shares, compared to its average volume of 90,306. Audioeye, Inc. has a 52 week low of $8.91 and a 52 week high of $34.85. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $159.84 million, a PE ratio of -37.88 and a beta of 0.67. The business has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $12.02.

Analyst Ratings Changes

A number of research firms have recently weighed in on AEYE. B. Riley cut their price target on Audioeye from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wall Street Zen upgraded Audioeye from a "hold" rating to a "buy" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $25.25.

Insiders Place Their Bets

In other news, Director James B. Hawkins purchased 8,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $10.95 per share, with a total value of $87,600.00. Following the purchase, the director owned 146,183 shares in the company, valued at $1,600,703.85. This trade represents a 5.79% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.70% of the stock is owned by company insiders.

Audioeye 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.