AudioEye, Inc. (NASDAQ:AEYE) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of AudioEye, Inc. (NASDAQ:AEYE) by 37.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,181 shares of the company’s stock after purchasing an additional 2,788 shares during the period. Barclays PLC owned about 0.08% of AudioEye worth $233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Partners Public Asset Management LLC grew its position in shares of AudioEye by 24.5% during the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock worth $11,774,000 after acquiring an additional 101,302 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of AudioEye in the second quarter valued at approximately $664,000. BNP Paribas Financial Markets raised its holdings in shares of AudioEye by 345.4% during the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock valued at $256,000 after buying an additional 8,687 shares during the last quarter. Renaissance Technologies LLC grew its holdings in AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after buying an additional 40,500 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in AudioEye in the 3rd quarter valued at approximately $286,000. 51.11% of the stock is owned by institutional investors.

AudioEye Stock Down 1.3 %

AudioEye stock opened at $15.39 on Tuesday. 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, Inc. has a twelve month low of $4.52 and a twelve month high of $34.85. The firm’s 50 day moving average price is $21.96 and its two-hundred day moving average price is $22.03. The firm has a market cap of $187.42 million, a PE ratio of -57.00, a P/E/G ratio of 4.29 and a beta of 1.12.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO David Moradi sold 68,298 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $29.48, for a total value of $2,013,425.04. Following the transaction, the chief executive officer now directly owns 2,830,035 shares of the company’s stock, valued at approximately $83,429,431.80. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carr Bettis sold 225,000 shares of the 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 $5,400,000.00. Following the transaction, the insider now owns 200,045 shares in the company, valued at approximately $4,801,080. This trade represents a 52.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,342,859 shares of company stock worth $32,684,480. Insiders own 40.70% of the company’s stock.

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.