Aware (NASDAQ:AWRE) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.26 and traded as low as $1.99. Aware shares last traded at $2.05, with a volume of 23,289 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aware in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aware currently has a consensus rating of “Sell”.

Aware Stock Up 0.5%

The stock’s 50 day moving average price is $2.25 and its 200-day moving average price is $2.26. The stock has a market capitalization of $43.82 million, a P/E ratio of -7.59 and a beta of 0.82.

Aware (NASDAQ:AWRE) last issued its quarterly earnings data on Wednesday, October 29th. The software maker reported ($0.05) EPS for the quarter. The business had revenue of $5.13 million during the quarter. Aware had a negative return on equity of 19.41% and a negative net margin of 32.20%.

Insider Activity at Aware

In related news, CEO Ajay K. Amlani acquired 13,227 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $2.23 per share, for a total transaction of $29,496.21. Following the purchase, the chief executive officer directly owned 835,779 shares of the company’s stock, valued at $1,863,787.17. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 28.00% of the company’s stock.

Hedge Funds Weigh In On Aware

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 valued at $2,026,000 after buying an additional 13,070 shares during the last quarter. Aristides Capital LLC raised its stake in shares of Aware by 55.5% during the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker’s stock worth $389,000 after acquiring an additional 73,500 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Aware during the third quarter valued at approximately $193,000. CIBC Private Wealth Group LLC boosted its stake in Aware by 14.3% in the third 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Aware by 71.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after purchasing an additional 14,436 shares during the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

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.