Bank of New York Mellon Corp Grows Stock Holdings in AudioEye, Inc. (NASDAQ:AEYE)

Bank of New York Mellon Corp grew its stake in AudioEye, Inc. (NASDAQ:AEYE) by 187.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,860 shares of the company’s stock after acquiring an additional 30,556 shares during the period. Bank of New York Mellon Corp’s holdings in AudioEye were worth $713,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Summit Partners Public Asset Management LLC grew its stake in AudioEye by 24.5% in 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 in the last quarter. Franklin Resources Inc. purchased a new stake in shares of AudioEye in the 3rd quarter worth $363,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of AudioEye by 58.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company’s stock worth $841,000 after buying an additional 13,556 shares during the period. Skylands Capital LLC bought a new position in shares of AudioEye during the 4th quarter worth $206,000. Finally, Centiva Capital LP purchased a new position in shares of AudioEye during the third quarter valued at $286,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AudioEye

In other AudioEye news, Director James B. Hawkins purchased 13,300 shares of AudioEye stock in a transaction dated Wednesday, March 19th. The shares were acquired 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 in the company, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 40.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AEYE. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of AudioEye in a research note on Thursday, March 13th. HC Wainwright lowered their price target on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $26.10.

AudioEye Trading Up 0.2 %

Shares of NASDAQ AEYE opened at $11.77 on Thursday. The business has a fifty day moving average price of $15.38 and a 200 day moving average price of $19.58. AudioEye, Inc. has a 1-year low of $8.44 and a 1-year high of $34.85. 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 stock has a market capitalization of $146.10 million, a P/E ratio of -43.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11.

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.