Oppenheimer & Co. Inc. Has $356,000 Stake in AudioCodes Ltd. (AUDC)
Oppenheimer & Co. Inc. raised its stake in AudioCodes Ltd. (NASDAQ:AUDC) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,900 shares of the company’s stock after buying an additional 3,500 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.23% of AudioCodes worth $356,000 as of its most recent SEC filing.
Separately, Menta Capital LLC raised its position in AudioCodes by 43.2% in the first quarter. Menta Capital LLC now owns 125,012 shares of the company’s stock valued at $581,000 after buying an additional 37,741 shares in the last quarter. 13.64% of the stock is currently owned by institutional investors and hedge funds.
AudioCodes Ltd. (NASDAQ:AUDC) traded down 0.19% on Tuesday, reaching $5.27. The company had a trading volume of 157,108 shares. AudioCodes Ltd. has a 52-week low of $3.12 and a 52-week high of $5.75. The firm has a market capitalization of $192.30 million, a price-to-earnings ratio of 63.49 and a beta of 0.91. The stock’s 50-day moving average price is $4.93 and its 200 day moving average price is $4.40.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $35.90 million for the quarter, compared to analyst estimates of $35.38 million. AudioCodes had a net margin of 2.25% and a return on equity of 5.68%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. On average, equities analysts anticipate that AudioCodes Ltd. will post $0.25 earnings per share for the current fiscal year.
AUDC has been the subject of several research analyst reports. Zacks Investment Research lowered AudioCodes from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Drexel Hamilton reiterated a “hold” rating on shares of AudioCodes in a report on Thursday, July 28th. Needham & Company LLC lifted their target price on AudioCodes from $5.00 to $5.50 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, William Blair reiterated a “buy” rating on shares of AudioCodes in a report on Tuesday, July 26th.
AudioCodes Ltd. designs, develops and sells products and services for voice and data over packet networks. The Company’s products primarily provide the media gateway and session border controllers (SBC) element in the network, as well as voice over Internet protocol (VoIP), end-points, such as Internet protocol (IP) Phones and VoIP mobile clients.
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