24,967 Shares in AudioEye, Inc. (NASDAQ:AEYE) Acquired by Two Sigma Investments LP

Two Sigma Investments LP acquired a new position in shares of AudioEye, Inc. (NASDAQ:AEYE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,967 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of AudioEye in the 4th quarter valued at $606,000. Bank of New York Mellon Corp increased its stake in shares of AudioEye by 187.4% in the 4th quarter. Bank of New York Mellon Corp now owns 46,860 shares of the company’s stock valued at $713,000 after purchasing an additional 30,556 shares during the last quarter. Millennium Management LLC increased its stake in shares of AudioEye by 17.4% in the 4th quarter. Millennium Management LLC now owns 42,288 shares of the company’s stock valued at $643,000 after purchasing an additional 6,278 shares during the last quarter. Bank of America Corp DE increased its stake in shares of AudioEye by 314.5% in the 4th quarter. Bank of America Corp DE now owns 59,206 shares of the company’s stock valued at $901,000 after purchasing an additional 44,923 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in shares of AudioEye in the 4th quarter valued at $3,739,000. Institutional investors own 51.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AEYE shares. HC Wainwright reiterated a “buy” rating and issued a $22.00 price target on shares of AudioEye in a research note on Wednesday, April 30th. B. Riley decreased their price target on AudioEye from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of AudioEye in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded AudioEye from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.40.

Insiders Place Their Bets

In related news, Director James B. Hawkins bought 13,300 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $15.39 per share, with a total value of $204,687.00. Following the acquisition, the director now owns 114,382 shares of the company’s stock, valued at $1,760,338.98. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 28.80% of the company’s stock.

AudioEye Trading Down 1.0%

Shares of AEYE stock opened at $12.28 on Wednesday. The firm has a market capitalization of $152.98 million, a P/E ratio of -45.48, a P/E/G ratio of 2.03 and a beta of 0.94. AudioEye, Inc. has a twelve month low of $8.91 and a twelve month high of $34.85. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock’s fifty day simple moving average is $11.93 and its 200 day simple moving average is $14.94.

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.