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

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

Aware Stock Up 5.8 %

Aware stock opened at $1.64 on Thursday. The firm has a market cap of $34.77 million, a PE ratio of -4.56 and a beta of 0.66. Aware has a 52-week low of $1.35 and a 52-week high of $2.97. The company’s 50 day moving average is $1.61 and its two-hundred day moving average is $1.74.

Aware (NASDAQ:AWRE) last released its 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 for the quarter.

Insider Activity

In related news, CEO Ajay K. Amlani bought 28,950 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $1.50 per share, with a total value of $43,425.00. Following the transaction, the chief executive officer now directly owns 234,439 shares of the company’s stock, valued at approximately $351,658.50. This represents a 14.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have bought 54,713 shares of company stock worth $83,558. 28.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aware stock. Corsair Capital Management L.P. acquired a new position in shares of Aware, Inc. (NASDAQ:AWRE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 78,028 shares of the software maker’s stock, valued at approximately $146,000. Corsair Capital Management L.P. owned about 0.37% of Aware as of its most recent filing with the SEC. 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.