Raymond James Financial Inc. Takes $606,000 Position in AudioEye, Inc. (NASDAQ:AEYE)

Raymond James Financial Inc. bought a new position in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,863 shares of the company's stock, valued at approximately $606,000. Raymond James Financial Inc. owned approximately 0.33% of AudioEye as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of AudioEye by 32.2% during the fourth quarter. Renaissance Technologies LLC now owns 52,100 shares of the company's stock valued at $792,000 after buying an additional 12,700 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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. Wells Fargo & Company MN lifted its holdings in shares of AudioEye by 30.0% in the fourth 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 in the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of AudioEye during the fourth quarter valued at approximately $188,000. Finally, Diametric Capital LP bought a new stake in AudioEye during the fourth quarter worth $207,000. Institutional investors and hedge funds own 51.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 target price on shares of AudioEye in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Finally, B. Riley decreased their price target 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. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AudioEye has an average rating of "Buy" and an average price target of $26.40.

Insiders Place Their Bets

In related news, Director James B. Hawkins acquired 13,300 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 owns 114,382 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.80% of the company's stock.

AudioEye Price Performance

AEYE stock traded up $0.59 during mid-day trading on Friday, reaching $12.51. 106,616 shares of the company traded hands, compared to its average volume of 211,431. AudioEye, Inc. has a 52-week low of $8.91 and a 52-week high of $34.85. The company has a market capitalization of $155.85 million, a P/E ratio of -46.33, 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 current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $11.52 and a 200-day moving average price of $16.85.

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.