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

Shares of Aware, Inc. (NASDAQ:AWRE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.53 and traded as low as $1.31. Aware shares last traded at $1.38, with a volume of 37,198 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 Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Aware presently has a consensus rating of “Sell”.

Aware Stock Performance

The firm has a market capitalization of $29.88 million, a price-to-earnings ratio of -3.83 and a beta of 1.01. The company has a 50 day moving average price of $1.37 and a two-hundred day moving average price of $1.53.

Aware (NASDAQ:AWRE) last released its quarterly earnings results on Wednesday, April 29th. The software maker reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $3.39 million during the quarter. Aware had a negative net margin of 45.31% and a negative return on equity of 29.66%.

Insider Transactions at Aware

In related news, Director John S. Stafford III bought 57,937 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $72,421.25. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 170,076 shares of company stock worth $212,569 over the last quarter. Company insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in Aware in the 3rd quarter worth about $193,000. XTX Topco Ltd acquired a new stake in shares of Aware in the fourth quarter worth approximately $30,000. Goldman Sachs Group Inc. increased its position in shares of Aware by 71.6% during 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after purchasing an additional 13,070 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Aware by 1.6% in the 1st quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock valued at $820,000 after purchasing an additional 10,139 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.