Short Interest in AudioCodes Ltd. (NASDAQ:AUDC) Decreases By 44.6%

AudioCodes Ltd. (NASDAQ:AUDC) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 220,148 shares, a decrease of 44.6% from the January 29th total of 397,239 shares. Based on an average daily trading volume, of 262,061 shares, the short-interest ratio is presently 0.8 days. Approximately 1.5% of the company’s stock are short sold. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 262,061 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AUDC. Weiss Ratings restated a “hold (c)” rating on shares of AudioCodes in a report on Monday, December 29th. Wall Street Zen cut AudioCodes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.50.

Institutional Investors Weigh In On AudioCodes

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of AudioCodes during the fourth quarter worth approximately $150,000. XTX Topco Ltd purchased a new position in AudioCodes during the 4th quarter worth $202,000. Quadrature Capital Ltd acquired a new position in AudioCodes in the fourth quarter valued at $229,000. Millennium Management LLC increased its stake in AudioCodes by 101.6% in the fourth quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider’s stock valued at $2,488,000 after purchasing an additional 143,632 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in shares of AudioCodes by 29.4% in the fourth quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock valued at $235,000 after buying an additional 6,098 shares during the last quarter. 68.05% of the stock is owned by institutional investors and hedge funds.

AudioCodes Price Performance

NASDAQ AUDC opened at $7.14 on Friday. The firm’s fifty day moving average price is $8.19 and its 200 day moving average price is $8.95. AudioCodes has a 12 month low of $6.95 and a 12 month high of $11.50. The company has a market capitalization of $204.78 million, a price-to-earnings ratio of 23.03 and a beta of 1.07.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $62.61 million during the quarter, compared to analysts’ expectations of $62.00 million. AudioCodes had a net margin of 3.65% and a return on equity of 6.46%. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. As a group, sell-side analysts forecast that AudioCodes will post 0.7 earnings per share for the current year.

AudioCodes Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a dividend of $0.20 per share. This represents a yield of 552.0%. The ex-dividend date is Friday, February 20th. AudioCodes’s dividend payout ratio (DPR) is currently 129.03%.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.