Sei Investments Co. Raises Holdings in Audioeye, Inc. $AEYE

Sei Investments Co. boosted its stake in shares of Audioeye, Inc. (NASDAQ:AEYE) by 481.3% in the first quarter, Holdings Channel reports. The institutional investor owned 153,537 shares of the company’s stock after acquiring an additional 127,126 shares during the period. Sei Investments Co.’s holdings in Audioeye were worth $978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEYE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Audioeye by 19.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock worth $54,000 after purchasing an additional 806 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Audioeye by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 108,392 shares of the company’s stock valued at $1,203,000 after buying an additional 18,513 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Audioeye by 14.5% in the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock valued at $115,000 after buying an additional 1,313 shares in the last quarter. Manatuck Hill Partners LLC boosted its holdings in shares of Audioeye by 139.6% in the 2nd quarter. Manatuck Hill Partners LLC now owns 97,743 shares of the company’s stock valued at $1,139,000 after buying an additional 56,943 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Audioeye by 9.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,341,510 shares of the company’s stock worth $15,629,000 after buying an additional 115,579 shares during the last quarter. Institutional investors own 51.11% of the company’s stock.

Audioeye Stock Performance

Shares of AEYE opened at $5.81 on Thursday. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day moving average of $6.36 and a two-hundred day moving average of $6.83. The stock has a market cap of $72.57 million, a P/E ratio of -20.03 and a beta of 0.84. Audioeye, Inc. has a one year low of $5.31 and a one year high of $16.39.

Audioeye (NASDAQ:AEYE) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Audioeye had a negative net margin of 9.05% and a positive return on equity of 71.24%. The firm had revenue of $10.55 million during the quarter, compared to analyst estimates of $10.56 million. As a group, research analysts predict that Audioeye, Inc. will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Audioeye presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.62.

Audioeye Profile

AudioEye, Inc is a provider of digital accessibility solutions, offering software and services designed to help organizations ensure their online properties comply with Web Content Accessibility Guidelines (WCAG), the Americans with Disabilities Act (ADA) and other global accessibility standards. Through its cloud-based platform, the company automates the detection and remediation of accessibility barriers in websites, mobile applications and multimedia content.

The company’s flagship AEYE Platform leverages machine learning, artificial intelligence and human validation to continuously scan digital assets, identify potential compliance issues and deploy corrective overlays or code adjustments.