Verisign Inc (NASDAQ: VRSN) is -6.96% lower on its value in year-to-date trading and has touched a low of $167.04 and a high of $220.91 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 $185.16 in the last trading session, with the day’s gains setting it 6.47%.
Currently trading at $191.63, the stock is 5.02% and 4.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 3.49% at the moment leaves the stock 5.15% off its SMA200. VRSN registered -10.24% loss for a year compared to 6-month gain of 13.00%. The firm has a 50-day simple moving average (SMA 50) of $184.12 and a 200-day simple moving average (SMA200) of $182.248.
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The stock witnessed a 7.19% loss in the last 1 month and extending the period to 3 months gives it a 5.29%, and is 5.63% up 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 2.81% over the week and 1.92% over the month.
Verisign Inc (VRSN) has around 908 employees, a market worth around $19.06B and $1.54B in sales. Current P/E ratio is 22.29 and Fwd P/E is 22.42. Profit margin for the company is 55.69%. Distance from 52-week low is 14.72% and -13.25% from its 52-week high.
The EPS is expected to grow by 1.20% this year
1035.0 institutions hold shares in Verisign Inc (VRSN), with institutional investors hold 96.23% of the company’s shares. The shares outstanding are 101.30M, and float is at 95.12M with Short Float at 1.96%. Institutions hold 82.56% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 12.82 million shares valued at $2.28 billion. The investor’s holdings represent 12.7139 of the VRSN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.54 million shares valued at $1.87 billion to account for 10.4544 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.02 million shares representing 8.9494 and valued at over $1.6 billion, while NINETY ONE UK LTD holds 3.9719 of the shares totaling 4.0 million with a market value of $711.85 million.
Verisign Inc (VRSN) Insider Activity
The most recent transaction is an insider sale by CALYS JOHN, the company’s SVP, Cont., Chief Acct Officer. SEC filings show that CALYS JOHN sold 1,066 shares of the company’s common stock on Nov 07 ’24 at a price of $186.49 per share for a total of $0.2 million. Following the sale, the insider now owns 21095.0 shares.
Still, SEC filings show that on Oct 15 ’24, Indelicarto Thomas C (EVP, Gen Counsel & Secretary) disposed off 1,228 shares at an average price of $190.00 for $0.23 million. The insider now directly holds 33,593 shares of Verisign Inc (VRSN).
