Diametric Capital LP Makes New Investment in AudioEye, Inc. (NASDAQ:AEYE)

Diametric Capital LP acquired a new stake in AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 13,625 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds also recently made changes to their positions in AEYE. Charles Schwab Investment Management Inc. boosted its holdings in AudioEye by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock valued at $511,000 after purchasing an additional 1,477 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in AudioEye in the 3rd quarter valued at $54,000. R Squared Ltd acquired a new stake in AudioEye in the 4th quarter valued at $36,000. Barclays PLC grew its position in AudioEye by 37.7% in the third quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after acquiring an additional 2,788 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in AudioEye by 345.4% during the third quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock worth $256,000 after acquiring an additional 8,687 shares in the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

Analyst Ratings Changes

AEYE has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of AudioEye in a report on Wednesday. HC Wainwright dropped their price objective on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $26.10.

AudioEye Stock Up 5.2 %

Shares of NASDAQ AEYE opened at $11.88 on Thursday. AudioEye, Inc. has a 12-month low of $8.44 and a 12-month high of $34.85. The firm’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $19.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The company has a market cap of $147.47 million, a price-to-earnings ratio of -44.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11.

Insiders Place Their Bets

In related news, Director James B. Hawkins purchased 13,300 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of $15.39 per share, with a total value of $204,687.00. Following the completion of the acquisition, the director now directly owns 114,382 shares in the company, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 40.70% of the company’s stock.

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.