AudioCodes (NASDAQ:AUDC) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• AudioCodes shares broke above their 200-day moving average, reaching $10.10 versus the $9.26 average, up 0.7% with a market capitalization of approximately $243.9 million.
• The company reported quarterly EPS of $0.15, exceeding estimates by $0.01, while revenue of $62.96 million also surpassed expectations. Analysts maintain an overall “Hold” rating, although one ratings provider upgraded the stock to “strong buy.”
• AudioCodes paid a $0.20-per-share dividend, but its reported payout ratio was high at 153.85%. Insiders sold 42,374 shares over the past three months, while institutional investors increased several positions.

AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.26 and traded as high as $10.10. AudioCodes shares last traded at $10.10, with a volume of 95,058 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AUDC shares. Weiss Ratings raised 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 report on Saturday, June 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

AudioCodes Stock Up 0.7%

The company has a market cap of $243.91 million, a price-to-earnings ratio of 38.85 and a beta of 0.98. The company has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $9.26.

AudioCodes (NASDAQ:AUDC - Get Free Report) last released its quarterly 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 net margin of 2.83% and a return on equity of 6.79%. The business had revenue of $62.96 million for the quarter, compared to analyst estimates of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.20 per share. This represents a yield of 413.0%. The ex-dividend date was Wednesday, August 19th. AudioCodes's dividend payout ratio is 153.85%.

Insider Buying and Selling at AudioCodes

In related news, Director Zehava Simon sold 27,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $267,570.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lior Aldema sold 2,812 shares of the 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,374 shares of company stock valued at $420,928 in the last three months. 48.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUDC. Heartland Advisors Inc. boosted its stake 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 position in shares of 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 buying an additional 82,016 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of AudioCodes during the first quarter valued at approximately $1,238,000. Bank of New York Mellon Corp lifted its stake in shares of AudioCodes by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider's stock valued at $718,000 after buying an additional 7,019 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of AudioCodes during the second quarter valued at approximately $592,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

AudioCodes Company Profile

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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