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, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,599 shares of the company’s stock after selling 4,913 shares during the period. State Street Corp owned approximately 1.48% of AudioEye worth $4,127,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MetLife Investment Management LLC purchased a new stake in shares of AudioEye in the third quarter valued at approximately $54,000. CWM LLC acquired a new stake in AudioEye in the third quarter valued at $93,000. Rhumbline Advisers purchased a new stake in shares of AudioEye during the 2nd quarter worth $147,000. Total Clarity Wealth Management Inc. acquired a new position in shares of AudioEye during the 2nd quarter worth $221,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of AudioEye by 345.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock valued at $256,000 after purchasing an additional 8,687 shares in the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at AudioEye

In other news, insider Carr Bettis sold 225,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total value of $5,400,000.00. Following the completion of the transaction, the insider now directly owns 200,045 shares of the company’s stock, valued at $4,801,080. The trade was a 52.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David Moradi sold 68,298 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $29.48, for a total value of $2,013,425.04. Following the sale, the chief executive officer now directly owns 2,830,035 shares in the company, valued at approximately $83,429,431.80. The trade was a 2.36 % decrease in their position. 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 quarter. Corporate insiders own 40.70% of the company’s stock.

AudioEye Price Performance

Shares of NASDAQ AEYE opened at $15.62 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $22.99 and its 200 day moving average price is $22.19. AudioEye, Inc. has a 52 week low of $4.52 and a 52 week high of $34.85. The stock has a market cap of $190.22 million, a price-to-earnings ratio of -57.85, a PEG ratio of 4.29 and a beta of 1.00.

About AudioEye

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.