AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) Director Zehava Simon sold 6,000 shares of the company's stock in a transaction dated 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 represents a 18.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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
AUDC traded up $0.03 during midday trading on Wednesday, reaching $10.02. 24,320 shares of the company were exchanged, compared to its average volume of 123,452. The stock has a market capitalization of $242.01 million, a P/E ratio of 38.59 and a beta of 0.98. AudioCodes Ltd. has a one year low of $6.95 and a one year high of $10.86. The stock's 50-day simple moving average is $9.78 and its 200 day simple moving average is $9.03.
AudioCodes (NASDAQ:AUDC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $62.96 million during the quarter, compared to analysts' expectations 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 firm also recently declared a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a $0.20 dividend. This represents a dividend yield of 413.0%. The ex-dividend date is Wednesday, August 19th. AudioCodes's dividend payout ratio is 153.85%.
Institutional Investors Weigh In On AudioCodes
A number of hedge funds and other institutional investors have recently bought and sold shares of AUDC. AXQ Capital LP acquired a new position in AudioCodes during the 2nd quarter worth approximately $116,000. Headlands Technologies LLC bought a new stake in shares of AudioCodes in the second quarter worth $111,000. Public Employees Retirement System of Ohio acquired a new position in AudioCodes during the second quarter worth $592,000. NewEdge Advisors LLC grew its position in AudioCodes by 49.5% in the first quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider's stock valued at $215,000 after purchasing an additional 8,475 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider's stock worth $6,209,000 after buying an additional 82,016 shares in the last quarter. Institutional investors and hedge funds own 68.05% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on AUDC shares. Wall Street Zen upgraded AudioCodes from a "buy" rating to a "strong-buy" rating in a research 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 currently has an average rating of "Hold".
Get Our Latest Stock Analysis on AUDC
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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