Charles Schwab Investment Management Inc. Grows Holdings in Audioeye, Inc. $AEYE

Charles Schwab Investment Management Inc. raised its position in Audioeye, Inc. (NASDAQ:AEYE) by 11.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,979 shares of the company’s stock after buying an additional 2,618 shares during the period. Charles Schwab Investment Management Inc. owned about 0.20% of Audioeye worth $277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Audioeye by 23.3% in the fourth quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock valued at $1,260,000 after purchasing an additional 15,648 shares during the period. Skylands Capital LLC grew its position in shares of Audioeye by 494.5% in the first quarter. Skylands Capital LLC now owns 80,550 shares of the company’s stock valued at $894,000 after purchasing an additional 67,000 shares during the period. Bank of America Corp DE grew its position in shares of Audioeye by 314.5% in the fourth quarter. Bank of America Corp DE now owns 59,206 shares of the company’s stock valued at $901,000 after purchasing an additional 44,923 shares during the period. Squarepoint Ops LLC grew its position in shares of Audioeye by 139.1% in the fourth quarter. Squarepoint Ops LLC now owns 58,833 shares of the company’s stock valued at $895,000 after purchasing an additional 34,227 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Audioeye in the fourth quarter valued at about $854,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Analyst Ratings Changes

AEYE has been the topic of several research analyst reports. Wall Street Zen lowered shares of Audioeye from a “buy” rating to a “hold” rating in a research report 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 research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Audioeye has an average rating of “Buy” and an average price target of $25.25.

Audioeye Stock Up 5.8%

Shares of NASDAQ AEYE opened at $12.73 on Friday. The company has a 50 day simple moving average of $12.02 and a 200-day simple moving average of $12.11. The company has a market capitalization of $157.98 million, a P/E ratio of -37.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.10 and a quick ratio of 1.10. Audioeye, Inc. has a 1 year low of $8.91 and a 1 year high of $34.85.

Insider Activity

In other news, Director James B. Hawkins purchased 8,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $87,600.00. Following the acquisition, the director directly owned 146,183 shares of the company’s stock, valued at approximately $1,600,703.85. This represents a 5.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.80% of the stock is owned by corporate insiders.

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.