BNP Paribas Financial Markets Acquires 8,687 Shares of AudioEye, Inc. (NASDAQ:AEYE)

BNP Paribas Financial Markets lifted its holdings in AudioEye, Inc. (NASDAQ:AEYE) by 345.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,202 shares of the company’s stock after acquiring an additional 8,687 shares during the quarter. BNP Paribas Financial Markets’ holdings in AudioEye were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in AudioEye by 2.3% in 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. Bank of New York Mellon Corp bought a new stake in shares of AudioEye in the 2nd quarter valued at about $348,000. Palisades Hudson Asset Management L.P. purchased a new stake in AudioEye during the 2nd quarter valued at about $142,000. Rhumbline Advisers bought a new position in AudioEye during the 2nd quarter worth approximately $147,000. Finally, Acadian Asset Management LLC increased its stake in AudioEye by 130.6% in the 2nd 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 period. Hedge funds and other institutional investors own 51.11% of the company’s stock.

Insiders Place Their Bets

In related news, insider Carr Bettis sold 225,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total transaction of $5,400,000.00. Following the sale, the insider now owns 200,045 shares of the company’s stock, valued at $4,801,080. The trade was a 52.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Moradi sold 68,298 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $29.48, for a total transaction of $2,013,425.04. Following the transaction, the chief executive officer now directly owns 2,830,035 shares of the company’s stock, valued at $83,429,431.80. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,342,859 shares of company stock worth $32,684,480. Company insiders own 40.70% of the company’s stock.

AudioEye Trading Up 1.5 %

NASDAQ:AEYE opened at $17.17 on Tuesday. AudioEye, Inc. has a 12 month low of $4.01 and a 12 month high of $34.85. The stock has a market cap of $209.10 million, a price-to-earnings ratio of -63.59, a P/E/G ratio of 4.29 and a beta of 1.00. The company has a 50-day moving average price of $24.24 and a 200-day moving average price of $22.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AEYE shares. Roth Mkm reissued a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. HC Wainwright raised their target price on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AudioEye currently has a consensus rating of “Buy” and a consensus target price of $30.13.

About AudioEye

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.