Barclays PLC Grows Stake in AudioEye, Inc. (NASDAQ:AEYE)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of AudioEye during the third quarter valued at $263,000. Centiva Capital LP purchased a new stake in shares of AudioEye during the third quarter valued at $286,000. Summit Partners Public Asset Management LLC grew its holdings 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 valued at $11,774,000 after buying an additional 101,302 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of AudioEye during the third quarter valued at $54,000. Finally, BNP Paribas Financial Markets grew 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. 51.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO David Moradi sold 68,298 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.48, for a total transaction of $2,013,425.04. Following the completion of the transaction, the chief executive officer now owns 2,830,035 shares in the company, valued at $83,429,431.80. This represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carr Bettis sold 225,000 shares of the company’s 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 transaction, the insider now owns 200,045 shares of the company’s stock, 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 sold 1,342,859 shares of company stock worth $32,684,480. Company insiders own 40.70% of the company’s stock.

AudioEye Price Performance

NASDAQ:AEYE opened at $18.18 on Wednesday. The firm’s fifty day moving average is $19.85 and its two-hundred day moving average is $21.81. The firm has a market cap of $221.43 million, a price-to-earnings ratio of -67.33, a PEG ratio of 2.30 and a beta of 1.12. AudioEye, Inc. has a one year low of $4.52 and a one year 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEYE. HC Wainwright boosted their price objective on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a report on Monday, November 11th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price target (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of AudioEye in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $29.10.

AudioEye Company 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.