Key Points
- CFO Niran Baruch sold 1,875 shares on April 28 at an average price of $8.71 under a pre-arranged Rule 10b5-1 plan, a $16,331 transaction that reduced his stake by 2.27% to 80,625 shares.
- AUDC trades near $8.80 with a one-year range of $6.95–$11.50, a market capitalization of about $238.4 million, a P/E of 28.39, and 50/200-day simple moving averages of $8.39/$8.61.
- The company recently paid a $0.20 dividend (reported as a 552.0% yield and a 129.03% payout ratio in the article), institutional investors hold 68.05% of shares, and analysts’ consensus is a Hold with a $12.50 price target.
AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) CFO Niran Baruch sold 1,875 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.71, for a total transaction of $16,331.25. Following the transaction, the chief financial officer directly owned 80,625 shares in the company, valued at $702,243.75. The trade was a 2.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
AudioCodes Stock Performance
Shares of AUDC stock opened at $8.80 on Thursday. AudioCodes Ltd. has a one year low of $6.95 and a one year high of $11.50. The company's 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.61. The stock has a market capitalization of $238.39 million, a price-to-earnings ratio of 28.39 and a beta of 0.97.
AudioCodes (NASDAQ:AUDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $62.61 million for the quarter, compared to analysts' expectations of $62.00 million. AudioCodes had a net margin of 3.65% and a return on equity of 6.46%.
AudioCodes Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 20th. This represents a yield of 552.0%. AudioCodes's dividend payout ratio is 129.03%.
Institutional Investors Weigh In On AudioCodes
Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of AudioCodes in the second quarter valued at approximately $43,000. Barclays PLC increased its stake in shares of AudioCodes by 3,621.4% in the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider's stock valued at $64,000 after purchasing an additional 7,098 shares during the period. Jump Financial LLC acquired a new stake in shares of AudioCodes in the second quarter valued at approximately $127,000. NewEdge Advisors LLC acquired a new stake in shares of AudioCodes in the fourth quarter valued at approximately $150,000. Finally, SIH Partners LLLP acquired a new stake in shares of AudioCodes in the third quarter valued at approximately $170,000. Institutional investors and hedge funds own 68.05% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of AudioCodes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.50.
View Our Latest Report on AudioCodes
About AudioCodes
(
Get Free Report)
AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.
Founded in 1993 and headquartered in Rosh Ha'Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.
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