AudioCodes (NASDAQ:AUDC) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• AudioCodes shares moved above their 200-day moving average, reaching $11.32 and last trading at $11.29 versus the $9.63 average. The stock has a market capitalization of approximately $272.7 million.
• The company reported quarterly earnings of $0.15 per share, exceeding estimates of $0.14, while revenue of $62.96 million also topped expectations. Analysts’ average rating remains “Hold,” despite one upgrade to “Strong Buy.”
• AudioCodes paid a $0.20-per-share dividend, while insiders sold 42,374 shares worth about $420,928 over the past 90 days. Hedge funds and institutional investors own approximately 68.05% of the company.

AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.63 and traded as high as $11.32. AudioCodes shares last traded at $11.29, with a volume of 170,737 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AUDC shares. Weiss Ratings upgraded AudioCodes from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wall Street Zen raised AudioCodes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of "Hold".

AudioCodes Trading Up 0.4%

The firm has a 50-day moving average of $10.29 and a 200 day moving average of $9.63. The stock has a market capitalization of $272.69 million, a price-to-earnings ratio of 43.42 and a beta of 1.02.

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

AudioCodes Announces Dividend

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

Insider Buying and Selling at AudioCodes

In other news, EVP Lior Aldema sold 2,812 shares of the company's 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 completion of the transaction, the executive vice president directly owned 104,065 shares in the company, valued at approximately $1,038,568.70. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the firm's 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. The SEC filing for this sale provides additional information. Insiders sold 42,374 shares of company stock valued at $420,928 over the last 90 days. Insiders own 48.80% of the company's stock.

Hedge Funds Weigh In On AudioCodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in shares of AudioCodes during the second quarter valued at about $116,000. Headlands Technologies LLC acquired a new position in shares of AudioCodes in the second quarter worth about $111,000. Public Employees Retirement System of Ohio acquired a new position in shares of AudioCodes in the second quarter worth about $592,000. NewEdge Advisors LLC lifted its stake in shares of AudioCodes by 49.5% in the first quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider's stock worth $215,000 after acquiring an additional 8,475 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 82,016 shares during the last quarter. 68.05% of the stock is owned by hedge funds and other institutional investors.

About AudioCodes

AudioCodes Ltd. NASDAQ: AUDC is an Israel-based communications technology company that develops products and services for voice, video and unified communications. Its solutions help enterprises and telecommunications providers connect traditional telephony systems with internet protocol (IP) networks and cloud-based communications platforms.

The company's offerings include session border controllers, media gateways, business phone systems, voice network management tools and professional services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.