Charles Schwab Investment Management Inc. Purchases 1,477 Shares of AudioEye, Inc. (NASDAQ:AEYE)

Charles Schwab Investment Management Inc. increased its position in shares of AudioEye, Inc. (NASDAQ:AEYE) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,361 shares of the company’s stock after buying an additional 1,477 shares during the period. Charles Schwab Investment Management Inc. owned 0.19% of AudioEye worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC acquired a new stake in AudioEye in the 3rd quarter valued at approximately $93,000. Palisades Hudson Asset Management L.P. acquired a new stake in shares of AudioEye in the second quarter worth $142,000. Rhumbline Advisers bought a new position in AudioEye during the second quarter worth $147,000. Total Clarity Wealth Management Inc. bought a new position in AudioEye during the second quarter worth $221,000. Finally, Bank of New York Mellon Corp bought a new stake in AudioEye in the 2nd quarter valued at $348,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEYE has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. HC Wainwright lifted their target price on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AudioEye currently has a consensus rating of “Buy” and a consensus target price of $30.13.

Insider Activity at AudioEye

In other AudioEye news, insider Carr Bettis sold 225,000 shares of AudioEye stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,801,080. The trade was a 52.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jamil A. Tahir sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total value of $3,000,000.00. Following the completion of the sale, the director now owns 195,000 shares in the company, valued at approximately $4,680,000. This represents a 39.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,342,859 shares of company stock valued at $32,684,480 over the last quarter. 40.70% of the stock is owned by company insiders.

AudioEye Trading Up 1.6 %

Shares of AEYE stock opened at $16.66 on Friday. The firm has a fifty day moving average of $23.92 and a 200-day moving average of $22.39. The stock has a market cap of $202.89 million, a price-to-earnings ratio of -61.70, a P/E/G ratio of 4.29 and a beta of 1.00. AudioEye, Inc. has a 52-week low of $4.01 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.

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.