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

StockNews.com initiated coverage on shares of Aware (NASDAQ:AWRE) in a report issued on Monday morning. The brokerage issued a buy rating on the software maker’s stock.

Aware Price Performance

AWRE opened at $1.50 on Monday. Aware has a 12-month low of $1.35 and a 12-month high of $2.97. The stock has a market capitalization of $31.81 million, a PE ratio of -4.17 and a beta of 0.77. The firm’s fifty day moving average price is $1.64 and its 200 day moving average price is $1.90.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AWRE. Geode Capital Management LLC raised its position in shares of Aware by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 168,740 shares of the software maker’s stock valued at $316,000 after acquiring an additional 37,828 shares in the last quarter. Corsair Capital Management L.P. acquired a new stake in shares of Aware during the third quarter worth $146,000. Finally, Renaissance Technologies LLC lifted its position in shares of Aware by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 717,773 shares of the software maker’s stock worth $1,414,000 after buying an additional 25,800 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Aware Company Profile

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.