Raymond James Financial Inc. purchased a new position in AudioEye, Inc. (NASDAQ:AEYE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,863 shares of the company's stock, valued at approximately $606,000. Raymond James Financial Inc. owned about 0.33% of AudioEye at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Barclays PLC boosted its holdings in shares of AudioEye by 37.7% during the third quarter. Barclays PLC now owns 10,181 shares of the company's stock valued at $233,000 after acquiring an additional 2,788 shares during the period. Bank of New York Mellon Corp grew its stake in shares of AudioEye by 187.4% in the 4th quarter. Bank of New York Mellon Corp now owns 46,860 shares of the company's stock worth $713,000 after purchasing an additional 30,556 shares during the last quarter. Renaissance Technologies LLC lifted its position 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 last quarter. Sei Investments Co. acquired a new stake in AudioEye during the 4th quarter worth about $890,000. Finally, Russell Investments Group Ltd. grew 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 worth $958,000 after purchasing an additional 62,949 shares in the last quarter. Institutional investors own 51.11% of the company's stock.
Analyst Ratings Changes
AEYE has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of AudioEye in a research report on Wednesday, April 30th. HC Wainwright reissued a "buy" rating and issued a $22.00 price target on shares of AudioEye in a report on Wednesday, April 30th. Finally, 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 report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AudioEye currently has a consensus rating of "Buy" and a consensus target price of $26.40.
View Our Latest Analysis on AEYE
AudioEye Stock Up 5.0%
Shares of NASDAQ AEYE traded up $0.65 during trading hours on Tuesday, hitting $13.55. The company had a trading volume of 50,795 shares, compared to its average volume of 210,289. The stock has a market capitalization of $168.81 million, a P/E ratio of -50.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The firm's 50 day moving average is $11.53 and its 200-day moving average is $16.74. AudioEye, Inc. has a 1-year low of $8.91 and a 1-year high of $34.85.
Insiders Place Their Bets
In other AudioEye news, Director James B. Hawkins bought 13,300 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 28.80% of the company's stock.
About AudioEye
(
Free Report)
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.
Further Reading
Before you consider AudioEye, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AudioEye wasn't on the list.
While AudioEye currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
