Aware (NASDAQ:AWRE) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Aware, Inc. (NASDAQ:AWRE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.59 and traded as low as $1.3901. Aware shares last traded at $1.41, with a volume of 40,828 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Aware Price Performance

The company has a 50-day simple moving average of $1.35 and a 200-day simple moving average of $1.59. The firm has a market cap of $30.53 million, a PE ratio of -3.92 and a beta of 0.99.

Aware (NASDAQ:AWRE) last issued its quarterly earnings results on Wednesday, April 29th. The software maker reported ($0.16) earnings per share for the quarter. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.The business had revenue of $3.39 million during the quarter.

Insider Buying and Selling

In other Aware news, Director John S. Stafford III bought 57,937 shares of Aware stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $72,421.25. Following the completion of the purchase, the director directly owned 5,221,954 shares in the company, valued at approximately $6,527,442.50. This trade represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 170,076 shares of company stock valued at $212,569. Corporate insiders own 34.30% of the company’s stock.

Institutional Trading of Aware

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Aware in the fourth quarter worth about $30,000. Goldman Sachs Group Inc. lifted its holdings in Aware by 71.6% during 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. CIBC Bancorp USA Inc. purchased a new stake in Aware in the 3rd quarter valued at about $193,000. CIBC Private Wealth Group LLC boosted its position in Aware by 14.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after buying an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC grew 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 worth $820,000 after acquiring an additional 10,139 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Aware Company Profile

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.