Aware (NASDAQ:AWRE) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.27 and traded as high as $1.34. Aware shares last traded at $1.30, with a volume of 70,316 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Aware Stock Up 4.0%

The company has a market capitalization of $28.12 million, a PE ratio of -3.61 and a beta of 0.89. The firm has a 50-day moving average of $1.27 and a two-hundred day moving average of $1.70.

Aware (NASDAQ:AWRE) last released its quarterly earnings results on Wednesday, April 29th. The software maker reported ($0.16) EPS for the quarter. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.The firm had revenue of $3.39 million for the quarter.

Insider Activity at Aware

In other news, Director John S. Stafford III purchased 57,937 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $72,421.25. Following the completion of the transaction, the director directly owned 5,221,954 shares in the company, valued at approximately $6,527,442.50. This represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 181,504 shares of company stock worth $225,236 in the last ninety days. Company insiders own 29.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Aware by 71.6% during the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after buying an additional 14,436 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. boosted its position in shares of Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after buying an additional 13,070 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Aware during the third quarter worth $193,000. Finally, XTX Topco Ltd purchased a new position in shares of Aware during the fourth quarter worth $30,000. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Aware Company Profile

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.