James B. Hawkins Purchases 13,300 Shares of AudioEye, Inc. (NASDAQ:AEYE) Stock

AudioEye, Inc. (NASDAQ:AEYE) Director James B. Hawkins acquired 13,300 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the transaction, the director now directly owns 114,382 shares in the company, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

AudioEye Stock Performance

Shares of NASDAQ AEYE opened at $11.39 on Friday. The firm’s fifty day moving average is $15.59 and its two-hundred day moving average is $19.76. AudioEye, Inc. has a 52-week low of $8.44 and a 52-week high of $34.85. 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 company has a market cap of $141.38 million, a P/E ratio of -42.19, a P/E/G ratio of 2.03 and a beta of 1.11.

Institutional Trading of AudioEye

A number of large investors have recently made changes to their positions in AEYE. R Squared Ltd bought a new stake in shares of AudioEye in the 4th quarter worth about $36,000. Quarry LP purchased a new stake in AudioEye in the 4th quarter valued at about $47,000. MetLife Investment Management LLC purchased a new stake in AudioEye in the 3rd quarter valued at about $54,000. Wells Fargo & Company MN boosted 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 buying an additional 1,035 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of AudioEye in the 4th quarter valued at about $153,000. 51.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of AudioEye in a research report on Thursday, March 13th. HC Wainwright decreased their price objective on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AudioEye presently has a consensus rating of “Buy” and an average price target of $26.10.

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.