Renaissance Technologies LLC Buys 12,700 Shares of AudioEye, Inc. (NASDAQ:AEYE)

Renaissance Technologies LLC grew its holdings in shares of AudioEye, Inc. (NASDAQ:AEYE) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,100 shares of the company’s stock after buying an additional 12,700 shares during the quarter. Renaissance Technologies LLC owned 0.43% of AudioEye worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in AudioEye in the fourth quarter valued at about $36,000. Wells Fargo & Company MN grew its holdings in AudioEye by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock worth $68,000 after acquiring an additional 1,035 shares during the period. Ieq Capital LLC purchased a new position in shares of AudioEye during the 4th quarter valued at approximately $153,000. Integrated Quantitative Investments LLC acquired a new position in shares of AudioEye in the fourth quarter worth about $188,000. Finally, Skylands Capital LLC purchased a new position in AudioEye during the fourth quarter worth approximately $206,000. 51.11% of the stock is currently owned by institutional investors.

AudioEye Price Performance

Shares of NASDAQ:AEYE opened at $11.08 on Friday. The stock has a market cap of $137.69 million, a PE ratio of -41.04, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. The business’s fifty day moving average price is $11.66 and its two-hundred day moving average price is $17.46. AudioEye, Inc. has a one year low of $8.91 and a one year high of $34.85. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84.

Insider Activity

In other news, Director James B. Hawkins bought 13,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of $15.39 per share, with a total value of $204,687.00. Following the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 40.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AEYE. HC Wainwright reissued a “buy” rating and issued a $22.00 price objective on shares of AudioEye in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of AudioEye in a research note on Wednesday. Finally, B. Riley lowered their price target on AudioEye from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $26.40.

AudioEye Company 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.