8,366 Shares in AudioEye, Inc. (NASDAQ:AEYE) Purchased by Rhumbline Advisers

Rhumbline Advisers bought a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,366 shares of the company’s stock, valued at approximately $147,000. Rhumbline Advisers owned 0.07% of AudioEye as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of AudioEye by 4.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Vanguard Group Inc. raised its stake in AudioEye by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after acquiring an additional 6,929 shares in the last quarter. Palisades Hudson Asset Management L.P. acquired a new position in AudioEye during the 2nd quarter worth $142,000. Acadian Asset Management LLC bought a new position in shares of AudioEye in the first quarter worth $116,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of AudioEye during the first quarter valued at $137,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AEYE shares. Craig Hallum upped their price objective on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Roth Mkm assumed coverage on shares of AudioEye in a report on Friday, June 21st. They issued a “buy” rating and a $25.00 price objective for the company. Roth Capital raised AudioEye to a “strong-buy” rating in a report on Friday, June 21st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $23.00 price target on shares of AudioEye in a research note on Friday, July 26th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $24.13.

AudioEye Stock Up 1.3 %

NASDAQ AEYE opened at $23.66 on Monday. The company has a market capitalization of $275.38 million, a P/E ratio of -60.67, a PEG ratio of 6.50 and a beta of 1.00. AudioEye, Inc. has a 12 month low of $3.75 and a 12 month high of $29.30. The company’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $19.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16.

AudioEye (NASDAQ:AEYE) last announced its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. Equities research analysts expect that AudioEye, Inc. will post 0.14 earnings per share for the current fiscal year.

About AudioEye

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.