Investors Buy High Volume of AudioCodes Call Options (NASDAQ:AUDC)

AudioCodes Ltd. (NASDAQ:AUDC) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 2,812 call options on the stock. This represents an increase of approximately 2,578% compared to the typical volume of 105 call options.

Several research analysts recently weighed in on AUDC shares. Sidoti started coverage on shares of AudioCodes in a research report on Thursday, January 16th. They set a “buy” rating and a $34.00 price target for the company. ValuEngine downgraded shares of AudioCodes from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, BidaskClub upgraded shares of AudioCodes from a “hold” rating to a “buy” rating in a research report on Friday, December 13th.

Shares of NASDAQ AUDC opened at $28.12 on Wednesday. AudioCodes has a 12-month low of $12.19 and a 12-month high of $28.58. The stock has a market cap of $801.16 million, a PE ratio of 51.13 and a beta of 0.59. The company has a current ratio of 1.79, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $25.50 and a 200 day moving average of $20.70.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. AudioCodes had a net margin of 8.66% and a return on equity of 23.08%. The company had revenue of $51.41 million during the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in AudioCodes by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 482,435 shares of the communications equipment provider’s stock valued at $7,468,000 after acquiring an additional 2,762 shares in the last quarter. Phoenix Holdings Ltd. purchased a new stake in AudioCodes during the 3rd quarter valued at about $6,142,000. Victory Capital Management Inc. purchased a new stake in shares of AudioCodes in the 2nd quarter valued at approximately $2,548,000. United Services Automobile Association grew its stake in shares of AudioCodes by 14.1% in the 2nd quarter. United Services Automobile Association now owns 108,596 shares of the communications equipment provider’s stock valued at $1,681,000 after buying an additional 13,434 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of AudioCodes by 105.1% in the 3rd quarter. Squarepoint Ops LLC now owns 73,622 shares of the communications equipment provider’s stock valued at $1,392,000 after buying an additional 37,722 shares during the period. 32.31% of the stock is owned by institutional investors.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.

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