MetLife Investment Management LLC Buys New Position in AudioEye, Inc. (NASDAQ:AEYE)

MetLife Investment Management LLC bought a new stake in AudioEye, Inc. (NASDAQ:AEYE) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,344 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC acquired a new position in AudioEye during the third quarter worth approximately $93,000. Palisades Hudson Asset Management L.P. bought a new position in shares of AudioEye during the 2nd quarter worth approximately $142,000. Rhumbline Advisers acquired a new position in shares of AudioEye during the 2nd quarter worth approximately $147,000. International Assets Investment Management LLC bought a new stake in AudioEye in the 3rd quarter valued at $2,350,000. Finally, BNP Paribas Financial Markets lifted its holdings in AudioEye by 345.4% during 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 during the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. HC Wainwright boosted their price objective on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.13.

Insider Buying and Selling at AudioEye

In other AudioEye news, CEO David Moradi sold 900,000 shares of AudioEye stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total value of $21,600,000.00. Following the sale, the chief executive officer now owns 1,864,290 shares of the company’s stock, valued at approximately $44,742,960. The trade was a 32.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carr Bettis sold 225,000 shares of AudioEye stock in a transaction dated 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 completion of the sale, the insider now directly owns 200,045 shares in the company, valued at approximately $4,801,080. This represents a 52.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,342,859 shares of company stock valued at $32,684,480. Corporate insiders own 40.70% of the company’s stock.

AudioEye Trading Down 5.5 %

NASDAQ:AEYE opened at $19.26 on Wednesday. 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 stock has a market capitalization of $234.55 million, a price-to-earnings ratio of -71.33, a PEG ratio of 5.07 and a beta of 1.00. The firm has a fifty day simple moving average of $24.63 and a two-hundred day simple moving average of $22.70. AudioEye, Inc. has a 12 month low of $4.01 and a 12 month high of $34.85.

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.