AudioCodes Ltd. (NASDAQ:AUDC) Short Interest Down 37.4% in February

AudioCodes Ltd. (NASDAQ:AUDC) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 137,854 shares, a drop of 37.4% from the February 12th total of 220,148 shares. Based on an average daily volume of 170,261 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 170,261 shares, the short-interest ratio is currently 0.8 days.

AudioCodes Price Performance

NASDAQ AUDC opened at $8.21 on Friday. The stock has a market capitalization of $235.46 million, a price-to-earnings ratio of 26.48 and a beta of 1.09. AudioCodes has a 1-year low of $6.95 and a 1-year high of $11.50. The business’s fifty day moving average price is $8.01 and its 200-day moving average price is $8.84.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings data on Tuesday, February 3rd. The communications equipment provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $62.61 million during the quarter, compared to analyst estimates of $62.00 million. AudioCodes had a return on equity of 6.46% and a net margin of 3.65%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. Equities research analysts anticipate that AudioCodes will post 0.7 EPS for the current year.

AudioCodes Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a $0.20 dividend. This represents a yield of 552.0%. The ex-dividend date of this dividend was Friday, February 20th. AudioCodes’s dividend payout ratio (DPR) is presently 129.03%.

Analyst Upgrades and Downgrades

AUDC has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AudioCodes in a research report on Monday, December 29th. Wall Street Zen lowered AudioCodes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, AudioCodes currently has an average rating of “Hold” and a consensus price target of $12.50.

Institutional Investors Weigh In On AudioCodes

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC lifted its stake in shares of AudioCodes by 4.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,217 shares of the communications equipment provider’s stock worth $259,000 after purchasing an additional 1,132 shares during the period. Raymond James Financial Inc. bought a new stake in AudioCodes during the second quarter valued at approximately $43,000. Jane Street Group LLC increased its holdings in AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock valued at $449,000 after buying an additional 5,938 shares during the last quarter. Engineers Gate Manager LP increased its holdings in AudioCodes by 29.4% during 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. Finally, Jump Financial LLC raised its position in AudioCodes by 24.0% in the fourth quarter. Jump Financial LLC now owns 34,955 shares of the communications equipment provider’s stock worth $305,000 after acquiring an additional 6,755 shares during the period. Hedge funds and other institutional investors own 68.05% of the company’s stock.

AudioCodes Company Profile

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.