13,550 Shares in AudioEye, Inc. (NASDAQ:AEYE) Acquired by Skylands Capital LLC

Skylands Capital LLC acquired a new stake in AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,550 shares of the company’s stock, valued at approximately $206,000. Skylands Capital LLC owned about 0.11% of AudioEye at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ieq Capital LLC purchased a new stake in AudioEye in the 4th quarter valued at $153,000. R Squared Ltd purchased a new position in shares of AudioEye during the fourth quarter worth about $36,000. Franklin Resources Inc. acquired a new position in AudioEye in the 3rd quarter valued at about $363,000. Barclays PLC raised its stake in AudioEye by 37.7% during the 3rd quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after acquiring an additional 2,788 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in AudioEye during the 3rd quarter worth approximately $263,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AudioEye news, Director Jamil A. Tahir sold 125,000 shares of AudioEye stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total transaction of $3,000,000.00. Following the completion of the transaction, the director now owns 195,000 shares in the company, valued at approximately $4,680,000. The trade was a 39.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Moradi sold 900,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total transaction of $21,600,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,864,290 shares in the company, valued at $44,742,960. This trade represents a 32.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,250,000 shares of company stock worth $30,000,000. 40.70% of the stock is owned by company insiders.

AudioEye Stock Down 5.3 %

NASDAQ:AEYE opened at $14.40 on Tuesday. The firm’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $21.16. 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, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $34.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AEYE shares. HC Wainwright upped their price target on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of AudioEye in a research note on Tuesday, January 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $29.10.

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.