AudioCodes (NASDAQ:AUDC) Director Sells $267,570.00 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $9.91, for a total value of $267,570.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Zehava Simon also recently made the following trade(s):

• On Monday, August 31st, Zehava Simon sold 6,000 shares of AudioCodes stock. The shares were sold at an average price of $10.03, for a total value of $60,180.00.

AudioCodes Stock Up 1.6%

AUDC opened at $10.15 on Friday. AudioCodes Ltd. has a 52 week low of $6.95 and a 52 week high of $10.86. The business has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $9.08. The company has a market cap of $245.12 million, a PE ratio of 39.04 and a beta of 0.98.

AudioCodes (NASDAQ:AUDC) last announced its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share 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 company had revenue of $62.96 million for the quarter, compared to the consensus estimate of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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 upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On AudioCodes

A number of institutional investors and hedge funds have recently made changes to their positions in AUDC. AXQ Capital LP purchased a new position in shares of AudioCodes in the 2nd quarter valued at about $116,000. Headlands Technologies LLC acquired a new position in AudioCodes during the second quarter worth about $111,000. Public Employees Retirement System of Ohio purchased a new position in AudioCodes in the second quarter valued at about $592,000. NewEdge Advisors LLC lifted its position in shares of AudioCodes by 49.5% during the 1st quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 8,475 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of AudioCodes by 12.5% during the 1st 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 period. 68.05% of the stock is owned by institutional investors and hedge funds.

AudioCodes Company Profile

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.