Goldman Sachs Group Inc. Increases Position in Audioeye, Inc. $AEYE

Goldman Sachs Group Inc. boosted its holdings in Audioeye, Inc. (NASDAQ:AEYE) by 20.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,392 shares of the company’s stock after purchasing an additional 18,513 shares during the quarter. Goldman Sachs Group Inc. owned about 0.87% of Audioeye worth $1,203,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in Audioeye by 14.5% in the first quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock worth $115,000 after purchasing an additional 1,313 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Audioeye by 19.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock valued at $54,000 after acquiring an additional 806 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Audioeye in the 1st quarter valued at $1,664,000. Cubist Systematic Strategies LLC increased its holdings in shares of Audioeye by 6.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 59,692 shares of the company’s stock worth $663,000 after buying an additional 3,577 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Audioeye in the 1st quarter worth about $183,000. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Audioeye Price Performance

Audioeye stock opened at $13.23 on Monday. Audioeye, Inc. has a 12-month low of $8.91 and a 12-month high of $34.85. The stock has a market cap of $164.18 million, a P/E ratio of -38.91 and a beta of 0.67. The company has a 50-day moving average price of $12.33 and a 200 day moving average price of $12.02. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74.

Insider Activity

In related news, Director Jamil A. Tahir bought 12,359 shares of the stock in a transaction on Friday, September 5th. The stock was bought at an average price of $12.71 per share, with a total value of $157,082.89. Following the completion of the purchase, the director directly owned 220,000 shares in the company, valued at $2,796,200. This represents a 5.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James B. Hawkins bought 8,000 shares of the stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $10.95 per share, with a total value of $87,600.00. Following 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 33,000 shares of company stock valued at $403,833. 40.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.