Nuveen Asset Management LLC Decreases Stock Position in AudioEye, Inc. (NASDAQ:AEYE)

Nuveen Asset Management LLC lessened its stake in shares of AudioEye, Inc. (NASDAQ:AEYE) by 58.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,108 shares of the company’s stock after selling 137,860 shares during the period. Nuveen Asset Management LLC owned approximately 0.81% of AudioEye worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in AudioEye in the fourth quarter worth $36,000. Quarry LP bought a new stake in AudioEye during the fourth quarter valued at about $47,000. Wells Fargo & Company MN grew its stake in shares of 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 last quarter. Ieq Capital LLC purchased a new stake in shares of AudioEye during the fourth quarter worth about $153,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of AudioEye during the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

AudioEye Stock Up 3.7%

AudioEye stock opened at $12.37 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. AudioEye, Inc. has a 1-year low of $8.91 and a 1-year high of $34.85. The company has a market cap of $154.11 million, a PE ratio of -45.81, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The stock’s 50 day moving average price is $11.81 and its 200 day moving average price is $15.40.

Analyst Ratings Changes

AEYE has been the subject of a number of research reports. B. Riley decreased their target price on AudioEye from $26.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen raised AudioEye from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of AudioEye in a research report on Wednesday, April 30th. Finally, HC Wainwright reiterated a “buy” rating and set a $22.00 price target on shares of AudioEye in a research report on Wednesday, April 30th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $26.40.

Insider Buying and Selling

In related news, Director James B. Hawkins purchased 13,300 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $15.39 per share, for a total transaction 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 trade represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through 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.