AudioCodes Ltd. (NASDAQ:AUDC) Sees Large Decrease in Short Interest

AudioCodes Ltd. (NASDAQ:AUDC) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 137,854 shares, a decrease of 37.4% from the February 12th total of 220,148 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 170,261 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 170,261 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AUDC. Heartland Advisors Inc. grew its position in shares of AudioCodes by 15.5% during the 3rd quarter. Heartland Advisors Inc. now owns 1,028,850 shares of the communications equipment provider’s stock valued at $9,795,000 after purchasing an additional 138,300 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in AudioCodes by 9.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 620,844 shares of the communications equipment provider’s stock valued at $5,936,000 after buying an additional 53,266 shares during the period. Goldman Sachs Group Inc. boosted its stake in AudioCodes by 16.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 313,151 shares of the communications equipment provider’s stock valued at $2,734,000 after buying an additional 44,073 shares during the period. Millennium Management LLC grew its position in AudioCodes by 101.6% during the fourth quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider’s stock worth $2,488,000 after buying an additional 143,632 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in AudioCodes by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 262,824 shares of the communications equipment provider’s stock worth $2,295,000 after acquiring an additional 10,056 shares during the last quarter. 68.05% of the stock is owned by institutional investors.

AudioCodes Stock Up 0.4%

AUDC traded up $0.03 during trading on Friday, reaching $8.21. 119,011 shares of the company were exchanged, compared to its average volume of 155,750. AudioCodes has a 12-month low of $6.95 and a 12-month high of $11.50. The company’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.84. The company has a market cap of $235.46 million, a price-to-earnings ratio of 26.48 and a beta of 1.09.

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 the consensus estimate of $0.16. AudioCodes had a return on equity of 6.46% and a net margin of 3.65%.The firm had revenue of $62.61 million for the quarter, compared to analysts’ expectations of $62.00 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. Equities analysts forecast that AudioCodes will post 0.7 earnings per share for the current year.

AudioCodes Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AUDC shares. Wall Street Zen downgraded shares of AudioCodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c)” rating on shares of AudioCodes in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

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.