AudioCodes (NASDAQ:AUDC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of AudioCodes Ltd. (NASDAQ:AUDC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.26 and traded as high as $10.10. AudioCodes shares last traded at $10.10, with a volume of 95,058 shares.

Analysts Set New Price Targets

AUDC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded 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, Based on data from MarketBeat, AudioCodes has a consensus rating of “Hold”.

AudioCodes Price Performance

The stock’s fifty day simple moving average is $9.85 and its two-hundred day simple moving average is $9.26. The company has a market capitalization of $243.91 million, a price-to-earnings ratio of 38.85 and a beta of 0.98.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

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

Insider Buying and Selling at AudioCodes

In other news, Director Zehava Simon sold 27,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lior Aldema sold 2,812 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the sale, the executive vice president directly owned 104,065 shares in the company, valued at approximately $1,038,568.70. This trade represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 42,374 shares of company stock valued at $420,928. Corporate insiders own 48.80% of the company’s stock.

Institutional Investors Weigh In On AudioCodes

Several large investors have recently made changes to their positions in AUDC. AXQ Capital LP bought a new stake in shares of AudioCodes during the second quarter valued at approximately $116,000. Headlands Technologies LLC bought a new position in AudioCodes in the 2nd quarter worth approximately $111,000. Public Employees Retirement System of Ohio acquired a new stake in AudioCodes in the 2nd quarter valued at approximately $592,000. NewEdge Advisors LLC increased its position in AudioCodes by 49.5% in 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 raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

AudioCodes Company Profile

AudioCodes Ltd. (NASDAQ: AUDC) is an Israel-based provider of advanced voice and communications software, products, and services. The company helps businesses and service providers deploy and manage voice communications across enterprise, cloud, and hybrid environments.

Its product portfolio includes session border controllers, media gateways, business phones, voice-quality monitoring and management tools, and solutions for unified communications and contact centers. AudioCodes also provides products and services designed to support Microsoft Teams voice deployments, including direct routing, integration, migration, and managed services.