AudioCodes (NASDAQ:AUDC) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• AudioCodes shares crossed above their 200-day moving average, reaching $10.73 before closing at $10.55, compared with a 200-day average of $9.38.
• The company’s latest quarterly results modestly exceeded expectations, with EPS of $0.15 versus a $0.14 estimate and revenue of $62.96 million versus $62.40 million expected. Analysts maintain a consensus “Hold” rating.
• AudioCodes recently paid a $0.20 dividend, while its reported payout ratio stands at 153.85%; insiders have sold 42,374 shares worth approximately $420,928 over the past 90 days.

AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.38 and traded as high as $10.73. AudioCodes shares last traded at $10.55, with a volume of 157,007 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of AudioCodes from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

AudioCodes Stock Down 1.0%

The stock has a fifty day moving average of $9.92 and a 200-day moving average of $9.38. The firm has a market capitalization of $254.78 million, a P/E ratio of 40.58 and a beta of 0.98.

AudioCodes (NASDAQ:AUDC - Get Free Report) last released its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.The firm had revenue of $62.96 million for the quarter, compared to analysts' expectations of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given a $0.20 dividend. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend was Wednesday, August 19th. AudioCodes's payout ratio is currently 153.85%.

Insider Buying and Selling at AudioCodes

In other AudioCodes news, EVP Lior Aldema sold 2,812 shares of AudioCodes stock in a transaction on Monday, August 10th. The shares were sold at an average price of $9.98, for a total value of $28,063.76. Following the sale, the executive vice president directly owned 104,065 shares in the company, valued at approximately $1,038,568.70. The trade was a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Zehava Simon sold 27,000 shares of AudioCodes stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,374 shares of company stock valued at $420,928 in the last 90 days. 48.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AudioCodes

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in AudioCodes during the first quarter worth $1,238,000. Heartland Advisors Inc. lifted its stake in AudioCodes by 15.8% in the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider's stock valued at $8,122,000 after acquiring an additional 131,934 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in AudioCodes by 12.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider's stock valued at $6,209,000 after acquiring an additional 82,016 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of AudioCodes in the 2nd quarter valued at about $592,000. Finally, AXQ Capital LP bought a new position in shares of AudioCodes in the 2nd quarter valued at about $116,000. Institutional investors own 68.05% of the company's stock.

About AudioCodes

AudioCodes Ltd. NASDAQ: AUDC is an Israel-based provider of advanced voice and communications software, products, and services. The company helps businesses and service providers deploy and manage voice communications across enterprise, cloud, and hybrid environments.

Its product portfolio includes session border controllers, media gateways, business phones, voice-quality monitoring and management tools, and solutions for unified communications and contact centers. AudioCodes also provides products and services designed to support Microsoft Teams voice deployments, including direct routing, integration, migration, and managed services.

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