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

Sei Investments Co. raised its stake in shares of Audioeye, Inc. (NASDAQ:AEYE) by 481.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,537 shares of the company’s stock after buying an additional 127,126 shares during the quarter. Sei Investments Co. owned about 1.23% of Audioeye worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 buying an additional 806 shares in the last quarter. Rhumbline Advisers grew its stake in Audioeye by 14.5% during the first quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock valued at $115,000 after acquiring an additional 1,313 shares in the last quarter. State Street Corp boosted its position in shares of Audioeye by 2.0% during the 4th quarter. State Street Corp now owns 175,945 shares of the company’s stock valued at $1,758,000 after acquiring an additional 3,456 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Audioeye by 64.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,762 shares of the company’s stock valued at $98,000 after purchasing an additional 3,832 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in Audioeye by 29.8% in the second quarter. State of Tennessee Department of Treasury now owns 17,525 shares of the company’s stock worth $204,000 after purchasing an additional 4,025 shares during the last quarter. Institutional investors own 51.11% of the company’s stock.

Audioeye Trading Down 1.7%

Shares of NASDAQ AEYE opened at $5.81 on Thursday. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $16.39. The firm has a market cap of $72.57 million, a PE ratio of -20.03 and a beta of 0.84. The business has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $6.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.96.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.62.

About Audioeye

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.