Aware (NASDAQ:AWRE) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Aware (NASDAQ:AWRE) announced its quarterly earnings results on Wednesday. The software maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02), FiscalAI reports. The company had revenue of $3.25 million for the quarter, compared to analyst estimates of $3.70 million. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.

Aware Trading Down 0.9%

Shares of Aware stock traded down $0.01 during trading hours on Wednesday, reaching $1.11. 92,549 shares of the company’s stock were exchanged, compared to its average volume of 43,083. The company has a fifty day moving average of $1.34 and a 200-day moving average of $1.45. Aware has a 52-week low of $1.02 and a 52-week high of $2.95. The firm has a market capitalization of $24.03 million, a price-to-earnings ratio of -3.08 and a beta of 1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aware currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In related news, Director John S. Stafford III purchased 57,937 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $1.25 per share, for a total transaction of $72,421.25. Following the acquisition, the director directly owned 5,221,954 shares in the company, valued at $6,527,442.50. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 170,076 shares of company stock worth $212,569 over the last quarter. Company insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Aware

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Aware during the 4th quarter worth approximately $30,000. Goldman Sachs Group Inc. grew its stake 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 purchasing an additional 14,436 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Aware during the 3rd quarter worth approximately $193,000. CIBC Private Wealth Group LLC raised its position in shares of 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 purchasing an additional 10,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Aware by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock valued at $2,026,000 after purchasing an additional 13,070 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

About Aware

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.