Aware (NASDAQ:AWRE) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Aware (NASDAQ:AWRE) announced its quarterly earnings data on Wednesday. The software maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02), FiscalAI reports. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.The firm had revenue of $3.25 million for the quarter, compared to the consensus estimate of $3.70 million.

Aware Stock Performance

Shares of NASDAQ:AWRE traded down $0.01 during trading hours on Wednesday, hitting $1.11. 92,549 shares of the company’s stock traded hands, compared to its average volume of 43,083. Aware has a 52 week low of $1.02 and a 52 week high of $2.95. The company’s fifty day simple moving average is $1.34 and its two-hundred day simple moving average is $1.45. The company has a market cap of $24.03 million, a price-to-earnings ratio of -3.08 and a beta of 1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aware has a consensus rating of “Sell”.

Insider Activity at Aware

In other Aware news, Director John S. Stafford III purchased 57,937 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased 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 owned 5,221,954 shares in the company, valued at $6,527,442.50. This represents a 1.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 170,076 shares of company stock valued at $212,569. 34.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Aware

Several large investors have recently modified their holdings of AWRE. XTX Topco Ltd acquired a new stake in Aware during the 4th quarter worth about $30,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Aware by 14.3% in the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after buying an additional 10,000 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Aware in the third quarter worth approximately $193,000. Vanguard Group Inc. raised its holdings 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 valued at $2,026,000 after acquiring an additional 13,070 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings 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 valued at $55,000 after acquiring an additional 14,436 shares during the period. 24.39% of the stock is owned by institutional investors.

Aware Company Profile

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.