AudioCodes (NASDAQ:AUDC) Director Sells 27,000 Shares of Stock

AudioCodes Ltd. (NASDAQ:AUDCGet Free Report) Director Zehava Simon sold 27,000 shares of AudioCodes stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

AudioCodes Price Performance

Shares of NASDAQ AUDC opened at $9.99 on Wednesday. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $10.86. The firm has a market cap of $241.26 million, a PE ratio of 38.42 and a beta of 0.98. The company has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $9.03.

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

AudioCodes Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of 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 research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, AudioCodes currently has a consensus rating of “Hold”.

Get Our Latest Analysis on AudioCodes

Hedge Funds Weigh In On AudioCodes

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in AudioCodes during the second quarter valued at $43,000. Barclays PLC increased its holdings in shares of AudioCodes by 3,621.4% during the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock valued at $64,000 after acquiring an additional 7,098 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of AudioCodes in the 2nd quarter worth about $111,000. AXQ Capital LP purchased a new position in shares of AudioCodes in the 2nd quarter worth about $116,000. Finally, Jump Financial LLC bought a new position in AudioCodes in the 2nd quarter worth about $127,000. Institutional investors own 68.05% of the company’s stock.

AudioCodes Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AudioCodes (NASDAQ:AUDC)

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