Key Points
- Director Zehava Simon sold 27,000 AudioCodes shares at an average price of $9.91, totaling $267,570, following a 6,000-share sale the previous day.
- AudioCodes shares opened at $10.09 and were up 1%, while the company reported quarterly EPS of $0.15 and revenue of $62.96 million, both slightly above analyst expectations.
- The company declared a $0.20 dividend, and analysts maintain a consensus “Hold” rating; institutional investors own approximately 68.05% of the stock.
AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) Director Zehava Simon sold 6,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $10.03, for a total value of $60,180.00. Following the completion of the sale, the director owned 27,000 shares of the company's stock, valued at $270,810. This trade represents a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Zehava Simon also recently made the following trade(s):
- On Tuesday, September 1st, Zehava Simon sold 27,000 shares of AudioCodes stock. The shares were sold at an average price of $9.91, for a total value of $267,570.00.
AudioCodes Stock Performance
Shares of AudioCodes stock opened at $10.09 on Thursday. AudioCodes Ltd. has a one year low of $6.95 and a one year high of $10.86. The company has a market cap of $243.70 million, a price-to-earnings ratio of 38.81 and a beta of 0.98. The business's 50 day moving average price is $9.80 and its 200 day moving average price is $9.05.
AudioCodes (NASDAQ:AUDC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $62.96 million for the quarter, compared to analyst estimates of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.
AudioCodes Announces Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a dividend yield of 413.0%. AudioCodes's payout ratio is presently 153.85%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AUDC. Wall Street Zen raised shares of AudioCodes from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 27th. Weiss Ratings raised shares of AudioCodes from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".
Check Out Our Latest Analysis on AUDC
Hedge Funds Weigh In On AudioCodes
A number of hedge funds have recently modified their holdings of AUDC. Heartland Advisors Inc. increased its position in shares of AudioCodes by 15.8% during the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider's stock worth $8,122,000 after purchasing an additional 131,934 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in AudioCodes by 12.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider's stock valued at $6,209,000 after buying an additional 82,016 shares during the period. Goldman Sachs Group Inc. lifted its position in AudioCodes by 16.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 313,151 shares of the communications equipment provider's stock valued at $2,734,000 after buying an additional 44,073 shares during the last quarter. Millennium Management LLC lifted its position in AudioCodes by 101.6% in the fourth quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider's stock valued at $2,488,000 after buying an additional 143,632 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in AudioCodes by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 262,824 shares of the communications equipment provider's stock worth $2,295,000 after buying an additional 10,056 shares during the period. 68.05% of the stock is currently owned by hedge funds and other institutional investors.
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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