Needham & Company LLC Reaffirms Buy Rating for AudioEye (NASDAQ:AEYE)

Needham & Company LLC restated their buy rating on shares of AudioEye (NASDAQ:AEYE) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $25.00 price objective on the stock.

AudioEye Stock Up 3.4 %

Shares of AudioEye stock opened at $11.34 on Thursday. AudioEye has a twelve month low of $8.44 and a twelve month high of $34.85. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $138.10 million, a price-to-earnings ratio of -42.00, a PEG ratio of 2.03 and a beta of 1.11. The business’s 50 day simple moving average is $15.91 and its 200-day simple moving average is $20.17.

Institutional Trading of AudioEye

Several large investors have recently added to or reduced their stakes in AEYE. GSA Capital Partners LLP bought a new position in AudioEye during the 3rd quarter valued at $416,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of AudioEye by 58.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,824 shares of the company’s stock worth $841,000 after acquiring an additional 13,556 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AudioEye by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after acquiring an additional 1,477 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of AudioEye by 345.4% during the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock worth $256,000 after acquiring an additional 8,687 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in AudioEye during the third quarter valued at about $54,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.

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.