Aware (NASDAQ:AWRE) Stock Passes Below 200 Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyAware, Inc. (NASDAQ:AWRE – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.63 and traded as low as $1.35. Aware shares last traded at $1.39, with a volume of 53,220 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Research Report on Aware
Aware Trading Up 2.8%
The firm has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.63. The company has a market capitalization of $31.39 million, a price-to-earnings ratio of -4.03 and a beta of 0.99.
Aware (NASDAQ:AWRE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The software maker reported ($0.16) earnings per share for the quarter. The company had revenue of $3.39 million for the quarter. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.
Insiders Place Their Bets
In related news, Director John S. Stafford III purchased 57,937 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $1.25 per share, with a total value of $72,421.25. Following the transaction, the director owned 5,221,954 shares of the company’s stock, valued at approximately $6,527,442.50. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders bought 164,750 shares of company stock worth $203,791. 34.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Aware
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its position in shares of Aware by 14.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after acquiring an additional 10,000 shares during the period. Renaissance Technologies LLC lifted its stake in Aware by 1.6% in the 1st quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock valued at $820,000 after buying an additional 10,139 shares in the last quarter. Vanguard Group Inc. lifted its stake in Aware by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock valued at $2,026,000 after buying an additional 13,070 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after buying an additional 14,436 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Aware in the 4th quarter valued at about $30,000. 24.39% of the stock is owned by institutional investors and hedge funds.
About Aware
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.