Two Sigma Investments LP Invests $380,000 in AudioEye, Inc. (NASDAQ:AEYE)

Two Sigma Investments LP acquired a new position in AudioEye, Inc. (NASDAQ:AEYE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,967 shares of the company's stock, valued at approximately $380,000. Two Sigma Investments LP owned approximately 0.20% of AudioEye at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in AudioEye in the fourth quarter valued at $47,000. Wells Fargo & Company MN lifted its position 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 worth $68,000 after purchasing an additional 1,035 shares during the period. Ieq Capital LLC purchased a new position in shares of AudioEye during the fourth quarter valued at about $153,000. Oxford Asset Management LLP bought a new position in AudioEye in the fourth quarter worth about $163,000. Finally, Barclays PLC lifted its holdings in AudioEye by 10.9% in the fourth quarter. Barclays PLC now owns 11,292 shares of the company's stock worth $172,000 after buying an additional 1,111 shares during the period. 51.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James B. Hawkins purchased 13,300 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $15.39 per share, with a total value of $204,687.00. Following the completion of the transaction, the director now owns 114,382 shares in the company, valued at $1,760,338.98. This represents a 13.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 28.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

AudioEye Trading Down 6.0%

AEYE stock traded down $0.72 during midday trading on Friday, reaching $11.35. 76,839 shares of the company traded hands, compared to its average volume of 194,081. The firm has a market capitalization of $141.40 million, a price-to-earnings ratio of -42.04, a P/E/G ratio of 2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50 day moving average of $12.04 and a 200-day moving average of $14.71. AudioEye, Inc. has a 52-week low of $8.91 and a 52-week high of $34.85.

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.