AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich Sells 500 Shares

AudioEye, Inc. (NASDAQ:AEYE) CFO Kelly Georgevich sold 500 shares of AudioEye stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $27.00, for a total transaction of $13,500.00. Following the sale, the chief financial officer now directly owns 88,481 shares in the company, valued at approximately $2,388,987. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kelly Georgevich also recently made the following trade(s):

• On Tuesday, November 12th, Kelly Georgevich sold 10,000 shares of AudioEye stock. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00.

AudioEye Stock Performance

Shares of AudioEye stock traded down $0.27 during trading hours on Thursday, hitting $26.16. 250,955 shares of the company were exchanged, compared to its average volume of 180,016. The business has a 50-day moving average of $23.49 and a 200-day moving average of $21.97. AudioEye, Inc. has a 1 year low of $3.97 and a 1 year high of $34.85. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $318.58 million, a price-to-earnings ratio of -96.89, a P/E/G ratio of 7.63 and a beta of 1.03.

Analyst Ratings Changes

Several brokerages recently weighed in on AEYE. Craig Hallum upped their target price on shares of AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. HC Wainwright upped their price objective on shares of AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Monday. Finally, Roth Mkm reiterated a “buy” rating and issued a $35.00 price target (up previously from $25.00) on shares of AudioEye in a research report on Friday, November 8th. Four equities 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $30.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AEYE. MetLife Investment Management LLC acquired a new stake in shares of AudioEye in the 3rd quarter worth approximately $54,000. CWM LLC acquired a new stake in AudioEye during the third quarter worth about $93,000. Palisades Hudson Asset Management L.P. purchased a new position in shares of AudioEye in the 2nd quarter worth about $142,000. Rhumbline Advisers acquired a new position in shares of AudioEye in the 2nd quarter valued at about $147,000. Finally, International Assets Investment Management LLC acquired a new stake in AudioEye during the 3rd quarter worth approximately $2,350,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.

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.