Insider Selling: AudioEye, Inc. (NASDAQ:AEYE) CEO Sells 14,061 Shares of Stock

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 14,061 shares of the firm’s 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

AudioEye Trading Down 4.4 %

Shares of AudioEye stock traded down $1.16 on Friday, reaching $25.00. The company had a trading volume of 45,954 shares, compared to its average volume of 179,360. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50-day moving average price is $23.59 and its two-hundred day moving average price is $22.00. AudioEye, Inc. has a 1 year low of $3.97 and a 1 year high of $34.85.

Hedge Funds Weigh In On AudioEye

Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC purchased a new position in shares of AudioEye in the 3rd quarter worth approximately $54,000. CWM LLC purchased a new position in AudioEye during the 3rd quarter valued at $93,000. Acadian Asset Management LLC purchased a new position in AudioEye during the 1st quarter valued at $116,000. B. Riley Wealth Advisors Inc. boosted its holdings in AudioEye by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after acquiring an additional 500 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in AudioEye during the 1st quarter valued at $137,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Analysts Set New Price Targets

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

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.