Trexquant Investment LP Purchases New Holdings in Audioeye, Inc. $AEYE

Trexquant Investment LP acquired a new stake in Audioeye, Inc. (NASDAQ:AEYE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,069 shares of the company’s stock, valued at approximately $145,000. Trexquant Investment LP owned about 0.10% of Audioeye as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Audioeye by 23.3% during the fourth quarter. Northern Trust Corp now owns 82,837 shares of the company’s stock worth $1,260,000 after purchasing an additional 15,648 shares during the period. Skylands Capital LLC increased its stake in Audioeye by 494.5% during the 1st quarter. Skylands Capital LLC now owns 80,550 shares of the company’s stock worth $894,000 after acquiring an additional 67,000 shares during the period. Nuveen LLC acquired a new stake in shares of Audioeye in the 1st quarter valued at $815,000. Bank of America Corp DE increased its stake in shares of Audioeye by 314.5% in the 4th 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 last quarter. Finally, Squarepoint Ops LLC grew its position in Audioeye by 139.1% during the 4th quarter. Squarepoint Ops LLC now owns 58,833 shares of the company’s stock worth $895,000 after acquiring an additional 34,227 shares during the last quarter. Institutional investors own 51.11% of the company’s stock.

Insiders Place Their Bets

In related news, Director James B. Hawkins bought 8,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 146,183 shares in the company, valued at approximately $1,600,703.85. This trade represents a 5.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jamil A. Tahir purchased 12,359 shares of Audioeye stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of $12.71 per share, for a total transaction of $157,082.89. Following the transaction, the director directly owned 220,000 shares of the company’s stock, valued at $2,796,200. This trade represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,000 shares of company stock worth $403,833. Insiders own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Audioeye from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. B. Riley lowered their target price on shares of Audioeye from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Audioeye presently has a consensus rating of “Buy” and an average price target of $25.25.

Audioeye Price Performance

Shares of Audioeye stock opened at $12.90 on Thursday. The firm has a market cap of $160.09 million, a PE ratio of -37.94 and a beta of 0.67. Audioeye, Inc. has a 12-month low of $8.91 and a 12-month high of $34.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.74. The company’s fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $12.02.

About Audioeye

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.