AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich Sells 10,000 Shares

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 10,000 shares of AudioEye stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the transaction, the chief financial officer now directly owns 88,981 shares of the company’s stock, valued at approximately $2,580,449. This trade represents a 10.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kelly Georgevich also recently made the following trade(s):

• On Thursday, November 14th, Kelly Georgevich sold 500 shares of AudioEye stock. The shares were sold at an average price of $27.00, for a total transaction of $13,500.00.

AudioEye Stock Down 2.5 %

Shares of AudioEye stock opened at $25.51 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $310.71 million, a PE ratio of -94.48, a price-to-earnings-growth ratio of 7.05 and a beta of 1.03. AudioEye, Inc. has a 52-week low of $3.97 and a 52-week high of $34.85. The company has a 50-day simple moving average of $23.71 and a two-hundred day simple moving average of $22.07.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Craig Hallum lifted their price target 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. Roth Mkm reissued a “buy” rating and set a $35.00 price target (up from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Finally, HC Wainwright lifted their price target on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $30.13.

Institutional Trading of AudioEye

A number of large investors have recently made changes to their positions in AEYE. Summit Partners Public Asset Management LLC grew its stake in shares of AudioEye by 24.5% in the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock worth $11,774,000 after acquiring an additional 101,302 shares during the period. Renaissance Technologies LLC grew its stake in shares of AudioEye by 202.5% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after acquiring an additional 40,500 shares during the period. ClariVest Asset Management LLC bought a new stake in AudioEye during the second quarter valued at approximately $664,000. Bank of New York Mellon Corp bought a new stake in AudioEye during the second quarter valued at approximately $348,000. Finally, GSA Capital Partners LLP bought a new stake in AudioEye during the third quarter valued at approximately $416,000. 51.11% of the stock is currently owned by institutional investors.

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.