GSA Capital Partners LLP Purchases New Shares in AudioEye, Inc. (NASDAQ:AEYE)

GSA Capital Partners LLP acquired a new stake in AudioEye, Inc. (NASDAQ:AEYE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,189 shares of the company’s stock, valued at approximately $416,000. GSA Capital Partners LLP owned about 0.15% of AudioEye as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in AudioEye in the 3rd quarter valued at $2,350,000. CWM LLC bought a new position in AudioEye in the 3rd quarter valued at $93,000. Renaissance Technologies LLC grew its position in AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock valued at $1,065,000 after acquiring an additional 40,500 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new position in AudioEye in the 2nd quarter valued at $221,000. Finally, ClariVest Asset Management LLC bought a new position in AudioEye in the 2nd quarter valued at $664,000. Institutional investors own 51.11% of the company’s stock.

Insider Activity at AudioEye

In related news, CEO David Moradi sold 14,061 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $26.14, for a total transaction of $367,554.54. Following the sale, the chief executive officer now owns 2,764,290 shares of the company’s stock, valued at $72,258,540.60. This trade represents a 0.51 % 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 link. Also, CFO Kelly Georgevich sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the sale, the chief financial officer now directly owns 88,981 shares in the company, valued at approximately $2,580,449. The trade was a 10.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,859 shares of company stock valued at $2,684,480 over the last quarter. 40.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AEYE has been the topic of several research analyst reports. HC Wainwright upped their price objective on AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Craig Hallum increased their price target on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Roth Mkm reissued a “buy” rating and set a $35.00 price target (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $30.13.

AudioEye Price Performance

AEYE opened at $25.01 on Thursday. AudioEye, Inc. has a 12-month low of $3.97 and a 12-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 business’s fifty day simple moving average is $24.04 and its 200-day simple moving average is $22.29. The company has a market capitalization of $304.56 million, a price-to-earnings ratio of -92.61, a PEG ratio of 6.80 and a beta of 1.03.

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.