Aware (NASDAQ:AWRE) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Aware, Inc. (NASDAQ:AWRE) passed 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 changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, Aware has a consensus rating of “Sell”.

Aware Stock Performance

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

Aware (NASDAQ:AWRE) last posted its quarterly earnings data on Wednesday, October 29th. The software maker reported ($0.05) earnings per share for the quarter. The firm 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

In other Aware news, CEO Ajay K. Amlani acquired 13,227 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average price of $2.23 per share, for a total transaction of $29,496.21. Following the acquisition, the chief executive officer directly owned 835,779 shares in the company, valued at $1,863,787.17. The trade was a 1.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 28.00% of the company’s stock.

Institutional Trading of Aware

Several institutional investors and hedge funds have recently made changes to their positions in AWRE. Goldman Sachs Group Inc. grew its holdings in shares of 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. Aristides Capital LLC boosted its position in Aware by 55.5% in the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker’s stock valued at $389,000 after buying an additional 73,500 shares during the period. GMT Capital Corp purchased a new stake in Aware in the 1st quarter valued at about $39,000. Pekin Hardy Strauss Inc. bought a new position in Aware in the 3rd quarter worth about $42,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after acquiring an additional 10,000 shares during the period. 24.39% of the stock is currently owned by 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.