AudioCodes (NASDAQ:AUDC) Director Zehava Simon Sells 27,000 Shares

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 27,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total value of $267,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $60,180.00.

AudioCodes Trading Up 1.0%

Shares of AUDC opened at $10.09 on Thursday. The company has a market cap of $243.70 million, a price-to-earnings ratio of 38.81 and a beta of 0.98. AudioCodes Ltd. has a 1-year low of $6.95 and a 1-year high of $10.86. The company’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $9.05.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. AudioCodes had a net margin of 2.83% and a return on equity of 6.79%. 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 Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a $0.20 dividend. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s dividend payout ratio (DPR) is presently 153.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AUDC shares. Wall Street Zen raised AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On AudioCodes

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in AudioCodes during the second quarter worth about $43,000. Barclays PLC grew its position in shares of AudioCodes by 3,621.4% during the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 7,098 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of AudioCodes during the 2nd quarter worth approximately $111,000. AXQ Capital LP bought a new position in shares of AudioCodes during the second quarter worth approximately $116,000. Finally, Jump Financial LLC acquired a new stake in shares of AudioCodes in the second quarter valued at approximately $127,000. 68.05% of the stock is currently owned by institutional investors and hedge funds.

About AudioCodes

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.