39,863 Shares in AudioEye, Inc. (NASDAQ:AEYE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,863 shares of the company’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of AudioEye by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after buying an additional 1,477 shares during the period. MetLife Investment Management LLC bought a new stake in AudioEye during the third quarter valued at about $54,000. R Squared Ltd bought a new stake in AudioEye during the fourth quarter valued at about $36,000. Barclays PLC grew its position in shares of AudioEye by 37.7% in the third quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after purchasing an additional 2,788 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of AudioEye by 345.4% in the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock worth $256,000 after purchasing an additional 8,687 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AEYE shares. HC Wainwright decreased their target price on AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of AudioEye in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.10.

Insider Buying and Selling

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the purchase, the director now owns 114,382 shares in the company, valued at $1,760,338.98. This represents a 13.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 40.70% of the stock is owned by company insiders.

AudioEye Trading Down 10.3 %

AudioEye stock opened at $9.97 on Monday. AudioEye, Inc. has a 12 month low of $8.44 and a 12 month high of $34.85. The stock has a market cap of $123.76 million, a price-to-earnings ratio of -36.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. The business has a 50 day moving average price of $14.49 and a two-hundred day moving average price of $19.09. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92.

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.