David Moradi Sells 14,061 Shares of AudioEye, Inc. (NASDAQ:AEYE) Stock

AudioEye, Inc. (NASDAQ:AEYE) CEO David Moradi sold 14,061 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $26.14, for a total value of $367,554.54. Following the sale, the chief executive officer now directly owns 2,764,290 shares in the company, valued at approximately $72,258,540.60. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $29.48, for a total value of $2,013,425.04.

AudioEye Trading Down 2.5 %

Shares of NASDAQ:AEYE opened at $25.51 on Friday. AudioEye, Inc. has a 12-month low of $3.97 and a 12-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 firm has a market capitalization of $310.71 million, a P/E ratio of -94.48, a price-to-earnings-growth ratio of 7.05 and a beta of 1.03. The firm has a fifty day moving average of $23.71 and a two-hundred day moving average of $22.07.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Craig Hallum raised their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 26th. HC Wainwright boosted their price objective on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Roth Mkm reissued a “buy” rating and issued a $35.00 target price (up from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Four 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, the company currently has an average rating of “Buy” and an average price target of $30.13.

Institutional Investors Weigh In On AudioEye

Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of AudioEye during the 1st quarter worth $116,000. ClariVest Asset Management LLC acquired a new position in shares of AudioEye during the 2nd quarter valued at about $664,000. Renaissance Technologies LLC lifted its holdings in AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after purchasing an additional 40,500 shares during the last quarter. Vanguard Group Inc. grew its holdings in AudioEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after purchasing an additional 6,929 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of AudioEye by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after buying an additional 500 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.

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.