Russell Investments Group Ltd. Acquires 62,949 Shares of AudioEye, Inc. (NASDAQ:AEYE)

Russell Investments Group Ltd. raised its position in AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 114,452.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,004 shares of the company's stock after buying an additional 62,949 shares during the period. Russell Investments Group Ltd. owned 0.52% of AudioEye worth $958,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in AudioEye by 30.0% in the 4th 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 during the last quarter. R Squared Ltd acquired a new position in AudioEye during the 4th quarter worth $36,000. Barclays PLC increased its stake in shares of AudioEye by 37.7% in the 3rd quarter. Barclays PLC now owns 10,181 shares of the company's stock valued at $233,000 after buying an additional 2,788 shares during the period. Ieq Capital LLC acquired a new position in shares of AudioEye during the fourth quarter valued at $153,000. Finally, Integrated Quantitative Investments LLC bought a new position in AudioEye in the fourth quarter valued at about $188,000. Institutional investors own 51.11% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AEYE. B. Riley cut their target price on AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday. HC Wainwright decreased their price target on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of AudioEye in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AudioEye presently has an average rating of "Buy" and an average price target of $26.40.

Insider Transactions at AudioEye

In other AudioEye news, Director James B. Hawkins purchased 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, with a total value of $204,687.00. Following the completion of the transaction, the director now owns 114,382 shares of the company's stock, valued at $1,760,338.98. The trade was a 13.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 40.70% of the company's stock.

AudioEye Price Performance

Shares of AEYE stock traded up $0.29 during trading on Friday, hitting $12.22. The company had a trading volume of 69,306 shares, compared to its average volume of 217,152. The firm has a market capitalization of $151.86 million, a P/E ratio of -45.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. 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 stock's 50-day moving average price is $11.98 and its 200 day moving average price is $17.77. AudioEye, Inc. has a one year low of $8.91 and a one year 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.