Kelly Georgevich Sells 10,000 Shares of AudioEye, Inc. (NASDAQ:AEYE) Stock

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief financial officer now owns 88,981 shares in the company, valued at $2,580,449. This represents a 10.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kelly Georgevich also recently made the following trade(s):

• On Thursday, November 14th, Kelly Georgevich sold 500 shares of AudioEye stock. The stock was sold at an average price of $27.00, for a total transaction of $13,500.00.

AudioEye Price Performance

AEYE stock opened at $25.51 on Friday. 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 52 week low of $3.97 and a 52 week high of $34.85. The firm’s fifty day moving average is $23.71 and its 200 day moving average is $22.07. The firm has a market cap of $310.71 million, a P/E ratio of -94.48, a P/E/G ratio of 7.05 and a beta of 1.03.

Hedge Funds Weigh In On AudioEye

Several institutional investors and hedge funds have recently made changes to their positions in AEYE. Vanguard Group Inc. grew its holdings in AudioEye by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after acquiring an additional 6,929 shares during the last quarter. Acadian Asset Management LLC bought a new stake in AudioEye in the 1st quarter worth $116,000. Hillsdale Investment Management Inc. bought a new stake in AudioEye in the 1st quarter worth $137,000. B. Riley Wealth Advisors Inc. grew its holdings in AudioEye by 4.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after acquiring an additional 500 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AudioEye in the 2nd quarter worth about $348,000. Institutional investors own 51.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AEYE shares. Craig Hallum increased their target price on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Roth Mkm restated a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Finally, HC Wainwright raised their price objective on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AudioEye presently has a consensus rating of “Buy” and an average price target of $30.13.

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.