Shares of AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.84 and traded as high as $9.85. AudioCodes shares last traded at $9.82, with a volume of 42,909 shares trading hands.
Wall Street Analysts Forecast Growth
AUDC has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $12.50 price objective on shares of AudioCodes in a research note on Wednesday, May 7th. Wall Street Zen upgraded AudioCodes from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.
View Our Latest Report on AUDC
AudioCodes Price Performance
The stock has a market capitalization of $285.67 million, a PE ratio of 17.19 and a beta of 0.89. The business's fifty day moving average price is $9.25 and its 200-day moving average price is $9.84.
Institutional Trading of AudioCodes
Several hedge funds and other institutional investors have recently bought and sold shares of AUDC. Goldman Sachs Group Inc. purchased a new position in AudioCodes during the 1st quarter valued at $412,000. Jane Street Group LLC increased its position in shares of AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider's stock valued at $449,000 after acquiring an additional 5,938 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of AudioCodes by 56.0% in the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider's stock worth $185,000 after purchasing an additional 7,052 shares during the last quarter. Trexquant Investment LP lifted its stake in AudioCodes by 24.5% during the 1st quarter. Trexquant Investment LP now owns 133,791 shares of the communications equipment provider's stock valued at $1,260,000 after acquiring an additional 26,316 shares during the period. Finally, Walleye Capital LLC boosted its holdings in AudioCodes by 4.9% in the first quarter. Walleye Capital LLC now owns 241,131 shares of the communications equipment provider's stock worth $2,271,000 after purchasing an additional 11,324 shares during the last quarter. Hedge funds and other institutional investors own 68.05% of the company's stock.
About AudioCodes
(
Get Free Report)
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.
Featured Stories
Before you consider AudioCodes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AudioCodes wasn't on the list.
While AudioCodes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
