1 day Ago By ABMN Staff
Acadian Asset Management LLC boosted its position in shares of AudioEye, Inc. ( NASDAQ:AEYE – Free Report ) by 130.6% in the second quarter, according to the company in its most recent filing with the SEC.
The firm owned 26,939 shares of the company’s stock after acquiring an additional 15,256 shares during the quarter. Acadian Asset Management LLC’s holdings in AudioEye were worth $473,000 at the end of the most recent reporting period. Several other large investors have also added to or reduced their stakes in AEYE.
B. Riley Wealth Advisors Inc. lifted its holdings in shares of AudioEye by 4.
0% during the first quarter. B. Riley Wealth Advisors Inc.
now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares during the period. Hillsdale Investment Management Inc. purchased a new position in AudioEye during the 1st quarter worth approximately $137,000.
Palisades Hudson Asset Management L.P. acquired a new stake in AudioEye during the 2nd quarter valued at approximately $142,000.
Rhumbline Advisers purchased a new stake in shares of AudioEye in the 2nd quarter valued at $147,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AudioEye in the second quarter worth $348,000. Hedge funds and other institutional investors own 51.
11% of the company’s stock. AudioEye Stock Up 2.8 % AEYE stock opened at $21.
38 on Thursday. AudioEye, Inc. has a one year low of $3.
75 and a one year high of $29.30. The company has a debt-to-equity ratio of 1.
39, a quick ratio of 1.16 and a current ratio of 1.16.
The firm’s fifty day moving average is $22.03 and its 200 day moving average is $18.18.
The firm has a market cap of $248.84 million, a PE ratio of -55.21, a P/E/G ratio of 5.
65 and a beta of 1.00. Analysts Set New Price Targets A number of research analysts recently issued reports on the stock.
HC Wainwright restated a “buy” rating and set a $23.00 target price on shares of AudioEye in a research report on Friday, July 26th. Roth Capital raised AudioEye to a “strong-buy” rating in a report on Friday, June 21st.
Craig Hallum upped their target price on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.
Finally, Roth Mkm began coverage on AudioEye in a research report on Friday, June 21st. They set a “buy” rating and a $25.00 price target for the company.
Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $24.
13. Read Our Latest Research Report on AudioEye AudioEye Profile ( Free Report ) 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.
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