Nuveen LLC Takes Position in Audioeye, Inc. $AEYE

Nuveen LLC bought a new stake in Audioeye, Inc. (NASDAQ:AEYE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,458 shares of the company’s stock, valued at approximately $815,000. Nuveen LLC owned approximately 0.59% of Audioeye as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in Audioeye during the fourth quarter worth about $3,802,000. Skylands Capital LLC grew its stake in Audioeye by 494.5% during the first quarter. Skylands Capital LLC now owns 80,550 shares of the company’s stock worth $894,000 after buying an additional 67,000 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Audioeye during the fourth quarter worth approximately $854,000. Arcadia Wealth Management Inc. purchased a new stake in Audioeye during the fourth quarter worth approximately $720,000. Finally, Bank of America Corp DE lifted its position in shares of Audioeye by 314.5% during the fourth quarter. Bank of America Corp DE now owns 59,206 shares of the company’s stock worth $901,000 after purchasing an additional 44,923 shares in the last quarter. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AEYE shares. Wall Street Zen downgraded shares of Audioeye from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. B. Riley dropped their target price on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Audioeye currently has a consensus rating of “Buy” and a consensus target price of $25.25.

Insider Buying and Selling

In other news, Director James B. Hawkins bought 8,000 shares of Audioeye stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $10.95 per share, with a total value of $87,600.00. Following the completion of the transaction, the director directly owned 146,183 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.70% of the stock is currently owned by company insiders.

Audioeye Trading Down 3.9%

Shares of Audioeye stock opened at $12.35 on Wednesday. The company’s fifty day simple moving average is $12.01 and its 200-day simple moving average is $12.14. The company has a market cap of $153.26 million, a price-to-earnings ratio of -36.32 and a beta of 0.67. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74. Audioeye, Inc. has a 1 year low of $8.91 and a 1 year high of $34.85.

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.