Verisign, Inc. (NASDAQ:VRSN) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,400,000 shares, a growth of 10.2% from the August 30th total of 1,270,000 shares. Based on an average daily volume of 612,200 shares, the short-interest ratio is currently 2.3 days. Approximately 1.2% of the shares of the stock are short sold.
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $201.00 price target for the company in a research note on Sunday, November 3rd. ValuEngine downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird upped their target price on shares of Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $212.00.
In other news, Director Timothy Tomlinson sold 295 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $190.57, for a total transaction of $56,218.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:VRSN opened at $185.89 on Friday. The company has a market capitalization of $21.90 billion, a PE ratio of 35.53 and a beta of 1.04. Verisign has a 52 week low of $138.77 and a 52 week high of $221.78. The company has a 50 day moving average price of $186.95 and a two-hundred day moving average price of $199.59.
Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 24th. The information services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.05. The company had revenue of $308.42 million during the quarter, compared to analysts’ expectations of $308.34 million. Verisign had a net margin of 52.60% and a negative return on equity of 44.38%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. As a group, equities analysts forecast that Verisign will post 5.12 earnings per share for the current year.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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