1 week Ago By ABMN Staff
VeriSign ( NASDAQ:VRSN – Free Report ) had its price target lifted by Citigroup from $210.00 to $238.00 in a report released on Friday, Benzinga reports.
Citigroup currently has a buy rating on the information services provider’s stock. Other research analysts have also issued reports about the company. StockNews.
com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Monday, December 30th. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, Robert W.
Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th.
View Our Latest Research Report on VeriSign VeriSign Stock Performance VeriSign ( NASDAQ:VRSN – Get Free Report ) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.
01 by $0.06. VeriSign had a net margin of 55.
74% and a negative return on equity of 45.59%. The company had revenue of $390.
60 million for the quarter, compared to analyst estimates of $390.19 million. During the same period in the prior year, the firm posted $1.
83 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.
Insider Transactions at VeriSign In related news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $192.
43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.
51. This trade represents a 7.41 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction on Tuesday, October 15th.
The stock was sold at an average price of $190.00, for a total transaction of $233,320.00.
Following the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 0.84% of the company’s stock.
Hedge Funds Weigh In On VeriSign A number of hedge funds have recently added to or reduced their stakes in VRSN. Rothschild Investment LLC bought a new position in shares of VeriSign in the second quarter valued at approximately $38,000. Commonwealth Equity Services LLC lifted its stake in VeriSign by 19.
2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,883 shares of the information services provider’s stock valued at $335,000 after acquiring an additional 303 shares in the last quarter. Versor Investments LP purchased a new position in VeriSign during the 2nd quarter worth $302,000.
Larson Financial Group LLC grew its stake in shares of VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock worth $329,000 after acquiring an additional 71 shares in the last quarter.
Finally, TD Asset Management Inc raised its holdings in shares of VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after purchasing an additional 17,018 shares during the last quarter.
Institutional investors and hedge funds own 92.90% of the company’s stock. VeriSign Company Profile ( Get Free Report ) VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide.
The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
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