AudioEye, Inc. (NASDAQ:AEYE) CEO Sells $367,554.54 in Stock

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 14,061 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $26.14, for a total value of $367,554.54. Following the transaction, the chief executive officer now owns 2,764,290 shares of the company’s stock, valued at $72,258,540.60. This represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

David Moradi also recently made the following trade(s):

• On Tuesday, November 12th, David Moradi sold 68,298 shares of AudioEye stock. The stock was sold at an average price of $29.48, for a total transaction of $2,013,425.04.

AudioEye Price Performance

AEYE stock opened at $25.51 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a 12 month low of $3.97 and a 12 month high of $34.85. The stock has a market cap of $310.71 million, a PE ratio of -94.48, a P/E/G ratio of 7.05 and a beta of 1.03. The company has a 50-day moving average price of $23.71 and a 200 day moving average price of $22.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AEYE. Barclays PLC boosted its holdings in AudioEye by 37.7% during the 3rd quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after acquiring an additional 2,788 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of AudioEye during the third quarter worth $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% in the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock worth $11,774,000 after purchasing an additional 101,302 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new position in AudioEye in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AEYE shares. HC Wainwright boosted their target price on shares of AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Roth Mkm reissued a “buy” rating and set a $35.00 price objective (up from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Finally, Craig Hallum raised their price objective on AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research 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, the stock currently has an average rating of “Buy” and a consensus 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.