AudioEye, Inc. (NASDAQ:AEYE) Shares Sold by State Street Corp

State Street Corp decreased its holdings in shares of AudioEye, Inc. (NASDAQ:AEYE) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 180,599 shares of the company’s stock after selling 4,913 shares during the period. State Street Corp’s holdings in AudioEye were worth $4,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Centiva Capital LP acquired a new stake in shares of AudioEye in the third quarter worth approximately $286,000. Summit Partners Public Asset Management LLC raised its stake in AudioEye by 24.5% during the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock worth $11,774,000 after purchasing an additional 101,302 shares during the period. MetLife Investment Management LLC acquired a new position in shares of AudioEye in the 3rd quarter valued at $54,000. BNP Paribas Financial Markets grew its stake in shares of AudioEye by 345.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock valued at $256,000 after buying an additional 8,687 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of AudioEye by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after buying an additional 1,477 shares during the last quarter. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. HC Wainwright lifted their price objective on AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four 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.com, the stock has a consensus rating of “Buy” and an average price target of $30.13.

Insider Buying and Selling at AudioEye

In related news, insider Carr Bettis sold 225,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total transaction of $5,400,000.00. Following the sale, the insider now directly owns 200,045 shares in the company, valued at approximately $4,801,080. This trade represents a 52.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jamil A. Tahir sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total value of $3,000,000.00. Following the transaction, the director now directly owns 195,000 shares in the company, valued at $4,680,000. This trade represents a 39.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,342,859 shares of company stock valued at $32,684,480 over the last three months. 40.70% of the stock is owned by company insiders.

AudioEye Stock Performance

NASDAQ:AEYE opened at $15.62 on Tuesday. The firm’s fifty day simple moving average is $22.99 and its 200 day simple moving average is $22.19. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a twelve month low of $4.52 and a twelve month high of $34.85. The firm has a market capitalization of $190.22 million, a price-to-earnings ratio of -57.85, a PEG ratio of 4.29 and a beta of 1.00.

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.