Marshall Wace LLP Purchases Shares of 66,459 AudioEye, Inc. (NASDAQ:AEYE)

Marshall Wace LLP bought a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,459 shares of the company's stock, valued at approximately $1,011,000. Marshall Wace LLP owned 0.55% of AudioEye at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in AudioEye by 114,452.7% during the 4th quarter. Russell Investments Group Ltd. now owns 63,004 shares of the company's stock valued at $958,000 after purchasing an additional 62,949 shares in the last quarter. Sei Investments Co. purchased a new stake in AudioEye in the fourth quarter worth about $890,000. Renaissance Technologies LLC grew its holdings in AudioEye by 32.2% during the 4th quarter. Renaissance Technologies LLC now owns 52,100 shares of the company's stock worth $792,000 after acquiring an additional 12,700 shares in the last quarter. Bank of New York Mellon Corp increased its position in AudioEye by 187.4% during the 4th 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. Finally, Raymond James Financial Inc. bought a new stake in shares of AudioEye in the 4th quarter valued at about $606,000. 51.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEYE. B. Riley lowered their price target on shares of AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. HC Wainwright restated a "buy" rating and issued a $22.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price target on shares of AudioEye in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $26.40.

Insider Activity

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

AudioEye Stock Performance

AEYE stock traded down $0.12 during trading on Tuesday, reaching $11.89. The company had a trading volume of 109,984 shares, compared to its average volume of 212,445. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. AudioEye, Inc. has a twelve month low of $8.91 and a twelve month high of $34.85. The company has a market cap of $147.76 million, a price-to-earnings ratio of -44.04, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The firm has a 50-day simple moving average of $11.56 and a 200-day simple moving average of $17.13.

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.