Squarepoint Ops LLC Grows Holdings in AudioEye, Inc. (NASDAQ:AEYE)

Squarepoint Ops LLC grew its holdings in AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 139.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,833 shares of the company's stock after acquiring an additional 34,227 shares during the period. Squarepoint Ops LLC owned 0.48% of AudioEye worth $895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AEYE. Raymond James Financial Inc. purchased a new stake in shares of AudioEye in the 4th quarter worth $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 valued at $713,000 after purchasing an additional 30,556 shares during the period. Hood River Capital Management LLC purchased a new stake in AudioEye in the fourth quarter worth about $3,739,000. Renaissance Technologies LLC grew its stake in shares of AudioEye by 32.2% during the 4th quarter. Renaissance Technologies LLC now owns 52,100 shares of the company's stock valued at $792,000 after acquiring an additional 12,700 shares during the period. Finally, Sei Investments Co. purchased a new stake in AudioEye in the 4th quarter worth approximately $890,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at AudioEye

In other news, Director James B. Hawkins acquired 13,300 shares of AudioEye stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $15.39 per share, with a total value of $204,687.00. Following the transaction, the director now directly owns 114,382 shares of the company's stock, valued at $1,760,338.98. This trade represents a 13.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 28.80% of the company's stock.

AudioEye Price Performance

Shares of AudioEye stock traded up $0.44 during trading on Tuesday, reaching $12.37. 94,555 shares of the stock traded hands, compared to its average volume of 200,721. 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 0.92, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $15.42. The company has a market capitalization of $154.11 million, a price-to-earnings ratio of -45.81, a P/E/G ratio of 2.03 and a beta of 0.94.

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.