AudioEye, Inc. (NASDAQ:AEYE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in AudioEye, Inc. (NASDAQ:AEYE) by 81.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,144 shares of the company’s stock after selling 14,199 shares during the quarter. JPMorgan Chase & Co.’s holdings in AudioEye were worth $72,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. MetLife Investment Management LLC purchased a new stake in AudioEye in the third quarter valued at approximately $54,000. CWM LLC purchased a new stake in shares of AudioEye in the third quarter valued at about $93,000. Barclays PLC lifted 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 purchasing an additional 2,788 shares during the period. BNP Paribas Financial Markets boosted its position in shares of AudioEye by 345.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company’s stock worth $256,000 after purchasing an additional 8,687 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of AudioEye during the 3rd quarter worth $263,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AudioEye

In other news, Director Jamil A. Tahir sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total transaction of $3,000,000.00. Following the completion of the sale, the director now owns 195,000 shares in the company, valued at $4,680,000. The trade was a 39.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carr Bettis sold 225,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total value of $5,400,000.00. Following the sale, the insider now owns 200,045 shares of the company’s stock, valued at approximately $4,801,080. The trade was a 52.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,342,859 shares of company stock valued at $32,684,480 in the last 90 days. 40.70% of the stock is currently owned by insiders.

AudioEye Stock Down 0.8 %

AEYE opened at $18.79 on Tuesday. The business has a 50-day moving average of $18.51 and a 200-day moving average of $21.65. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. AudioEye, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $34.85. The company has a market capitalization of $228.82 million, a PE ratio of -69.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEYE. Roth Mkm reissued a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. HC Wainwright increased their target price on AudioEye from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of AudioEye in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AudioEye has an average rating of “Buy” and a consensus target price of $29.10.

AudioEye 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.