JPMorgan Chase & Co. Has $72,000 Stock Holdings in AudioEye, Inc. (NASDAQ:AEYE)

JPMorgan Chase & Co. lowered its stake in AudioEye, Inc. (NASDAQ:AEYE) by 81.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,144 shares of the company’s stock after selling 14,199 shares during the period. JPMorgan Chase & Co.’s holdings in AudioEye were worth $72,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Summit Partners Public Asset Management LLC lifted its stake in AudioEye by 24.5% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock valued at $11,774,000 after purchasing an additional 101,302 shares during the last quarter. Renaissance Technologies LLC grew its holdings in AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after purchasing an additional 40,500 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of AudioEye in the third quarter worth approximately $416,000. Franklin Resources Inc. bought a new stake in AudioEye during the third quarter worth $363,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in AudioEye by 58.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company’s stock valued at $841,000 after purchasing an additional 13,556 shares during the period. Institutional investors own 51.11% of the company’s stock.

AudioEye Stock Down 0.8 %

AEYE stock opened at $18.79 on Tuesday. AudioEye, Inc. has a 1-year low of $4.52 and a 1-year high of $34.85. The business has a fifty day moving average price of $18.51 and a 200-day moving average price of $21.65. 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 stock has a market capitalization of $228.82 million, a P/E ratio of -69.59, a P/E/G ratio of 2.53 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEYE. HC Wainwright increased their price target on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of AudioEye in a research report on Tuesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $35.00 price objective (up from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $29.10.

Insider Buying and Selling

In other news, CEO David Moradi sold 68,298 shares of the company’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 transaction of $2,013,425.04. Following the transaction, the chief executive officer now owns 2,830,035 shares of the company’s stock, valued at approximately $83,429,431.80. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kelly Georgevich sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the chief financial officer now directly owns 88,981 shares in the company, valued at approximately $2,580,449. This represents a 10.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,342,859 shares of company stock valued at $32,684,480 over the last 90 days. Company insiders own 40.70% of the company’s stock.

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.