AudioEye, Inc. (NASDAQ:AEYE) CEO Sells $367,554.54 in Stock

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 14,061 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $26.14, for a total value of $367,554.54. Following the sale, the chief executive officer now owns 2,764,290 shares in the company, valued at approximately $72,258,540.60. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Moradi also recently made the following trade(s):

• On Tuesday, November 12th, David Moradi sold 68,298 shares of AudioEye stock. The shares were sold at an average price of $29.48, for a total value of $2,013,425.04.

AudioEye Stock Performance

Shares of NASDAQ:AEYE traded down $0.27 during midday trading on Thursday, hitting $26.16. The company had a trading volume of 250,955 shares, compared to its average volume of 180,016. 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 market cap of $318.63 million, a price-to-earnings ratio of -96.89, a PEG ratio of 7.63 and a beta of 1.03. AudioEye, Inc. has a 12-month low of $3.97 and a 12-month high of $34.85. The company has a fifty day moving average of $23.49 and a two-hundred day moving average of $21.97.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEYE shares. Craig Hallum boosted their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, July 26th. HC Wainwright boosted their price objective on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a report on Monday. Finally, Roth Mkm reissued a “buy” rating and set a $35.00 price objective (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $30.13.

Institutional Investors Weigh In On AudioEye

Hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC purchased a new stake in shares of AudioEye in the 3rd quarter worth $54,000. CWM LLC purchased a new position in shares of AudioEye during the 3rd quarter valued at $93,000. Palisades Hudson Asset Management L.P. bought a new position in AudioEye in the 2nd quarter worth $142,000. Rhumbline Advisers purchased a new stake in AudioEye in the 2nd quarter worth $147,000. Finally, International Assets Investment Management LLC bought a new stake in AudioEye during the third quarter valued at about $2,350,000. 51.11% of the stock is currently owned by hedge funds and other institutional investors.

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.