VeriSign Inc. (NASDAQ: VRSN) is -6.59% lower on its value in year-to-date trading and has touched a low of $155.25 and a high of $228.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRSN stock was last observed hovering at around $192.06 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $258.50 for the next 12 months. It is also 27.58% off the consensus price target high of $265.00 offered by 4 analysts, but current levels are 23.85% higher than the price target low of $252.00 for the same period.
Currently trading at $191.90, the stock is -4.11% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -0.08% at the moment leaves the stock 0.62% off its SMA200. VRSN registered -3.78% loss for a year compared to 6-month gain of 7.36%.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
The stock witnessed a -9.85% loss in the last 1 month and extending the period to 3 months gives it a -3.90%, and is -3.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.87% over the week and 1.63% over the month.
VeriSign Inc. (VRSN) has around 914 employees, a market worth around $20.64B and $1.42B in sales. Current P/E ratio is 30.74 and Fwd P/E is 23.51. Profit margin for the company is 47.30%. Distance from 52-week low is 23.61% and -16.13% from its 52-week high. The company has generated returns on investments over the last 12 months (326.40%).
VeriSign Inc. (VRSN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for VeriSign Inc. (VRSN) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -10.80% this year
VeriSign Inc. (VRSN) Top Institutional Holders
The shares outstanding are 105.50M, and float is at 104.83M with Short Float at 1.05%.
VeriSign Inc. (VRSN) Insider Activity
A total of 115 insider transactions have happened at VeriSign Inc. (VRSN) in the last six months, with sales accounting for 109 and purchases happening 6 times. The most recent transaction is an insider sale by Indelicarto Thomas C, the company’s EVP, Gen Counsel & Secretary. SEC filings show that Indelicarto Thomas C sold 614 shares of the company’s common stock on Mar 07 at a price of $200.00 per share for a total of $0.12 million. Following the sale, the insider now owns 45799.0 shares.
VeriSign Inc. disclosed in a document filed with the SEC on Mar 03 that Buchalter Yehuda Ari (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $198.50 per share for $0.3 million. Following the transaction, the insider now directly holds 3349.0 shares of the VRSN stock.
Still, SEC filings show that on Feb 23, BIDZOS D JAMES (Exec. Chairman & CEO) disposed off 2,000 shares at an average price of $203.22 for $0.41 million. The insider now directly holds 669,810 shares of VeriSign Inc. (VRSN).
VeriSign Inc. (VRSN): Who are the competitors?
The company’s main competitors (and peers) include Equinix Inc. (EQIX) that is trading 1.67% up over the past 12 months and Zscaler Inc. (ZS) that is -43.19% lower over the same period. Arista Networks Inc. (ANET) is 33.41% up on the 1-year trading charts.