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

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

Aware Trading Up 1.8 %

AWRE stock opened at $1.66 on Thursday. The business’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.88. Aware has a 1-year low of $1.35 and a 1-year high of $2.97. The firm has a market capitalization of $35.19 million, a PE ratio of -4.61 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Aware by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 717,773 shares of the software maker’s stock valued at $1,414,000 after buying an additional 25,800 shares in the last quarter. Geode Capital Management LLC grew its holdings in Aware by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 168,740 shares of the software maker’s stock valued at $316,000 after buying an additional 37,828 shares in the last quarter. Finally, Corsair Capital Management L.P. acquired a new position in Aware in the 3rd quarter valued at $146,000. 24.39% of the stock is owned by institutional investors and hedge funds.

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.