Graham Capital Management L.P. Purchases Shares of 12,131 AudioEye, Inc. (NASDAQ:AEYE)

Graham Capital Management L.P. acquired a new position in shares of AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,131 shares of the company’s stock, valued at approximately $185,000. Graham Capital Management L.P. owned about 0.10% of AudioEye at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of AudioEye during the 4th quarter worth about $854,000. Bank of America Corp DE raised its position in shares of AudioEye by 314.5% in the fourth quarter. Bank of America Corp DE now owns 59,206 shares of the company’s stock valued at $901,000 after purchasing an additional 44,923 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of AudioEye in the fourth quarter valued at about $3,802,000. Northern Trust Corp lifted its stake in shares of AudioEye by 23.3% during the 4th quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock worth $1,260,000 after buying an additional 15,648 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of AudioEye during the 4th quarter worth about $47,000. Institutional investors own 51.11% of the company’s stock.

Wall Street Analyst Weigh In

AEYE has been the subject of several research reports. B. Riley cut their price objective on shares of AudioEye from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of AudioEye in a report on Wednesday, April 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of AudioEye in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $26.40.

AudioEye Stock Performance

Shares of AEYE stock opened at $13.59 on Monday. The firm has a market capitalization of $169.30 million, a price-to-earnings ratio of -50.33, a PEG ratio of 2.03 and a beta of 0.94. 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 business’s 50-day moving average price is $11.65 and its 200-day moving average price is $16.50. AudioEye, Inc. has a 12 month low of $8.91 and a 12 month high of $34.85.

Insiders Place Their Bets

In related news, Director James B. Hawkins bought 13,300 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $15.39 per share, with a total value of $204,687.00. Following the acquisition, the director now owns 114,382 shares of the company’s stock, valued at $1,760,338.98. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 28.80% of the company’s stock.

AudioEye 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.