StockNews.com Initiates Coverage on Aware (NASDAQ:AWRE)

Research analysts at StockNews.com initiated coverage on shares of Aware (NASDAQ:AWRE) in a research report issued on Saturday. The brokerage set a “buy” rating on the software maker’s stock.

Aware Price Performance

NASDAQ AWRE opened at $1.65 on Friday. Aware has a 12 month low of $1.35 and a 12 month high of $2.97. The company has a market capitalization of $34.99 million, a P/E ratio of -4.58 and a beta of 0.66. The company’s 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.69.

Aware (NASDAQ:AWRE) last posted its quarterly earnings results on Wednesday, March 5th. The software maker reported ($0.06) earnings per share (EPS) for the quarter. Aware had a negative return on equity of 14.46% and a negative net margin of 44.06%. The business had revenue of $4.80 million during the quarter.

Insider Activity

In other news, CEO Ajay K. Amlani bought 28,950 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $1.50 per share, with a total value of $43,425.00. Following the completion of the transaction, the chief executive officer now directly owns 234,439 shares in the company, valued at approximately $351,658.50. The trade was a 14.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 54,713 shares of company stock valued at $83,558 over the last three months. Insiders own 28.00% of the company’s stock.

Institutional Investors Weigh In On Aware

An institutional investor recently raised its position in Aware stock. Geode Capital Management LLC raised its position in shares of Aware, Inc. (NASDAQ:AWRE) by 28.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,740 shares of the software maker’s stock after purchasing an additional 37,828 shares during the quarter. Geode Capital Management LLC owned 0.80% of Aware worth $316,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

About Aware

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.