Connor Clark & Lunn Investment Management Ltd. Decreases Stake in Audioeye, Inc. $AEYE

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Audioeye, Inc. (NASDAQ:AEYE) by 34.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,808 shares of the company’s stock after selling 11,512 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Audioeye worth $242,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. US Bancorp DE lifted its position in shares of Audioeye by 3,634.2% during the first quarter. US Bancorp DE now owns 2,950 shares of the company’s stock worth $33,000 after purchasing an additional 2,871 shares during the last quarter. Quarry LP bought a new position in shares of Audioeye during the fourth quarter worth about $47,000. CWM LLC lifted its position in shares of Audioeye by 74.0% during the first quarter. CWM LLC now owns 4,870 shares of the company’s stock worth $54,000 after purchasing an additional 2,071 shares during the last quarter. Wells Fargo & Company MN lifted its position 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 purchasing an additional 1,035 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Audioeye by 44,300.0% during the first quarter. GAMMA Investing LLC now owns 7,992 shares of the company’s stock worth $89,000 after purchasing an additional 7,974 shares during the last quarter. Institutional investors own 51.11% of the company’s stock.

Insider Activity at Audioeye

In other news, Director James B. Hawkins purchased 8,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were bought at an average price of $10.95 per share, for a total transaction of $87,600.00. Following the completion of the purchase, the director owned 146,183 shares of the company’s stock, valued at $1,600,703.85. This trade represents a 5.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AEYE. Wall Street Zen cut shares of Audioeye from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Audioeye in a research note on Wednesday, April 30th. HC Wainwright reiterated a “buy” rating and set a $22.00 price objective on shares of Audioeye in a research note on Wednesday, April 30th. Finally, B. Riley dropped their price objective on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $25.25.

Audioeye Price Performance

AEYE opened at $11.61 on Thursday. The firm has a market cap of $144.08 million, a price-to-earnings ratio of -34.15, a price-to-earnings-growth ratio of 1.41 and a beta of 0.78. Audioeye, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $34.85. The company’s 50-day moving average price is $11.90 and its 200 day moving average price is $12.58. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.74.

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.