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 company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Price Performance

NASDAQ AEYE opened at $25.51 on Friday. The firm’s fifty day simple moving average is $23.71 and its two-hundred day simple moving average is $22.11. The firm has a market capitalization of $310.71 million, a P/E ratio of -94.48, a P/E/G ratio of 7.05 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a 12-month low of $3.97 and a 12-month high of $34.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AEYE shares. Craig Hallum upped their price target on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Roth Mkm reiterated a “buy” rating and issued a $35.00 price target (up from $25.00) on shares of AudioEye in a report on Friday, November 8th. Finally, HC Wainwright upped their price objective on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $30.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in 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 buying an additional 2,788 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of AudioEye during the third quarter valued at about $263,000. Centiva Capital LP acquired a new position in shares of AudioEye during the third quarter valued at about $286,000. Summit Partners Public Asset Management LLC raised its position in shares of AudioEye by 24.5% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company’s stock valued at $11,774,000 after purchasing an additional 101,302 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in AudioEye in the 3rd quarter worth approximately $54,000. 51.11% of the stock is currently owned by hedge funds and other 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.