Centiva Capital LP Takes Position in AudioEye, Inc. (NASDAQ:AEYE)

Centiva Capital LP acquired a new position in AudioEye, Inc. (NASDAQ:AEYE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,522 shares of the company’s stock, valued at approximately $286,000. Centiva Capital LP owned about 0.10% of AudioEye at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC bought a new stake in shares of AudioEye during the third quarter worth approximately $54,000. CWM LLC bought a new stake in AudioEye in the third quarter valued at approximately $93,000. Palisades Hudson Asset Management L.P. acquired a new stake in AudioEye in the second quarter worth $142,000. Rhumbline Advisers bought a new position in shares of AudioEye during the second quarter worth $147,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of AudioEye in the 2nd quarter valued at $221,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. HC Wainwright increased their price target on AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Roth Mkm restated a “buy” rating and set a $35.00 price objective (up from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $30.13.

Insider Buying and Selling

In other news, CFO Kelly Georgevich sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the sale, the chief financial officer now owns 88,981 shares of the company’s stock, valued at approximately $2,580,449. The trade was a 10.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Moradi sold 68,298 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at approximately $83,429,431.80. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,342,859 shares of company stock valued at $32,684,480. Company insiders own 40.70% of the company’s stock.

AudioEye Stock Down 5.5 %

AEYE stock opened at $19.26 on Wednesday. The firm has a market capitalization of $234.55 million, a PE ratio of -71.33, a PEG ratio of 5.07 and a beta of 1.00. The business’s 50 day simple moving average is $24.63 and its 200 day simple moving average is $22.70. AudioEye, Inc. has a 1-year low of $4.01 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.

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.