Aware (NASDAQ:AWRE) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Aware (NASDAQ:AWRE) from a hold rating to a buy rating in a research note published on Friday morning, ValuEngine reports.

AWRE stock traded down $0.03 during midday trading on Friday, reaching $2.90. 2,080 shares of the company traded hands, compared to its average volume of 12,088. Aware has a 52-week low of $2.66 and a 52-week high of $4.14. The business has a 50 day moving average of $2.92 and a 200-day moving average of $3.18. The firm has a market capitalization of $62.78 million, a price-to-earnings ratio of 48.50 and a beta of -0.25.

Aware (NASDAQ:AWRE) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported ($0.04) earnings per share (EPS) for the quarter. Aware had a net margin of 7.44% and a return on equity of 1.96%. The company had revenue of $3.01 million for the quarter.

In related news, major shareholder Ronin Capital, Llc acquired 1,238,052 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $2.91 per share, for a total transaction of $3,602,731.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised its holdings in shares of Aware by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 889,925 shares of the software maker’s stock worth $3,222,000 after buying an additional 13,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Aware by 1.6% in the second quarter. Renaissance Technologies LLC now owns 864,606 shares of the software maker’s stock worth $2,870,000 after buying an additional 13,409 shares during the period. BlackRock Inc. raised its holdings in shares of Aware by 1.5% in the second quarter. BlackRock Inc. now owns 486,786 shares of the software maker’s stock worth $1,615,000 after buying an additional 7,242 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Aware in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.

About Aware

Aware, Inc provides software and services for the biometrics industry in the United States, the United Kingdom, Brazil, and internationally. It offers biometrics software products, including biometric search and matching software development kits (SDKs), biometric enrollment SDKs and application program interfaces (APIs), identity text analytics SDK – Inquire, biometric services platform – BioSP, and cluster-based matching platform – Astra; and integrated solutions comprising Knomi, AwareABIS, WebEnroll, and Indigo, as well as biometric applications that enable various functions in biometrics systems, such as enrollment, analysis, and processing of biometric images and data on workstations or mobile devices; integration of peripheral biometric capture devices; centralized workflow, transaction processing, and subsystem integration; matching of biometric samples against biometric databases to authenticate or verify identities; and analysis and processing of text-based identity data.

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