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

StockNews.com initiated coverage on shares of Aware (NASDAQ:AWRE) in a research note issued to investors on Friday. The brokerage issued a buy rating on the software maker’s stock.

Aware Stock Performance

Aware stock opened at $1.60 on Friday. The stock has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $1.94. The stock has a market capitalization of $33.92 million, a P/E ratio of -4.44 and a beta of 0.82. Aware has a 52 week low of $1.35 and a 52 week high of $2.97.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in Aware by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 717,773 shares of the software maker’s stock valued at $1,414,000 after purchasing an additional 25,800 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of Aware in the third quarter valued at about $146,000. Finally, Geode Capital Management LLC lifted its stake 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 worth $316,000 after buying an additional 37,828 shares during the last quarter. 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.