12,550 Shares in AudioEye, Inc. (NASDAQ:AEYE) Bought by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. acquired a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,550 shares of the company’s stock, valued at approximately $221,000. Total Clarity Wealth Management Inc. owned 0.11% of AudioEye at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AEYE. ClariVest Asset Management LLC bought a new stake in AudioEye during the second quarter worth about $664,000. Bank of New York Mellon Corp bought a new stake in shares of AudioEye in the 2nd quarter worth approximately $348,000. Acadian Asset Management LLC grew its stake in shares of AudioEye by 130.6% in the 2nd quarter. Acadian Asset Management LLC now owns 26,939 shares of the company’s stock worth $473,000 after buying an additional 15,256 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of AudioEye in the 1st quarter worth approximately $137,000. Finally, Rhumbline Advisers bought a new position in AudioEye during the 2nd quarter valued at approximately $147,000. Institutional investors own 51.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AEYE shares. Craig Hallum boosted their target price on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Roth Mkm assumed coverage on shares of AudioEye in a research note on Friday, June 21st. They issued a “buy” rating and a $25.00 price target on the stock. HC Wainwright restated a “buy” rating and set a $23.00 price objective on shares of AudioEye in a research note on Friday, July 26th. Finally, Roth Capital upgraded shares of AudioEye to a “strong-buy” rating in a research note on Friday, June 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.13.

AudioEye Price Performance

NASDAQ AEYE opened at $22.26 on Tuesday. AudioEye, Inc. has a one year low of $3.75 and a one year high of $29.30. The stock has a 50-day moving average of $22.03 and a 200 day moving average of $18.09. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $259.08 million, a price-to-earnings ratio of -57.08, a PEG ratio of 5.65 and a beta of 1.00.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $8.47 million during the quarter, compared to analysts’ expectations of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. On average, sell-side analysts forecast that AudioEye, Inc. will post 0.14 EPS for the current year.

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.