AudioEye, Inc. (NASDAQ:AEYE) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of AudioEye, Inc. (NASDAQ:AEYE) by 58.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,824 shares of the company’s stock after buying an additional 13,556 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.31% of AudioEye worth $841,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of AudioEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock worth $3,095,000 after purchasing an additional 6,929 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of AudioEye by 202.5% during the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the company’s stock worth $1,065,000 after purchasing an additional 40,500 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of AudioEye during the second quarter worth $664,000. Acadian Asset Management LLC boosted its holdings in shares of AudioEye by 130.6% during the second quarter. Acadian Asset Management LLC now owns 26,939 shares of the company’s stock worth $473,000 after purchasing an additional 15,256 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AudioEye during the second quarter worth $348,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

Insider Buying and Selling at AudioEye

In other AudioEye news, CFO Kelly Georgevich sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the chief financial officer now directly owns 88,981 shares of the company’s stock, valued at $2,580,449. This trade represents a 10.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Moradi sold 14,061 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $26.14, for a total value of $367,554.54. Following the completion of the transaction, the chief executive officer now directly owns 2,764,290 shares in the company, valued at $72,258,540.60. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,859 shares of company stock valued at $2,684,480 over the last three months. 40.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on AEYE. HC Wainwright raised their price objective on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $25.00) on shares of AudioEye in a report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.13.

AudioEye Price Performance

Shares of AudioEye stock opened at $26.80 on Thursday. AudioEye, Inc. has a twelve month low of $4.01 and a twelve month high of $34.85. The stock has a market capitalization of $326.37 million, a P/E ratio of -99.26, a PEG ratio of 6.05 and a beta of 1.03. 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 business’s fifty day moving average price is $24.41 and its 200 day moving average price is $22.53.

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.