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Consensus Analyst Estimated Price Target of $239.60 for VeriSign Inc. (NASDAQ:VRSN) Stock

Robert W. Baird raised the price target for the VeriSign Inc. (NASDAQ:VRSN) stock from “a Neutral” to “an Outperform”. The rating was released on December 15, 2022, according to finviz. The research report from Robert W. Baird has downgraded the stock from Outperform to Neutral, with a price target set at $210. The stock was upgraded by JP Morgan, who disclosed in a research note on December 09, 2020, from Neutral to Overweight and set the price objective to $246. In their research brief published March 05, 2019, Citigroup analysts resumed the VeriSign Inc. stock to Neutral with a price target of $195.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of VeriSign Inc. (NASDAQ:VRSN) dipped -0.43% to close Friday’s market session at $193.35, lower as compared to yesterday’s close. The stock price fluctuated between $192.46 and $195.86 throughout the trading session with the volume trading being 934735 shares, which represented a significant variation when compared to the three months average volume of 552.47K shares. The firm’s stock price fluctuated 1.12% within the last five trades and -9.47% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.73% in the last 6 months and -3.74% was subtracted to its value over the previous 3 months. VRSN stock is trading at a margin of -2.38%, -6.67% and 1.28% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, VRSN deals in the Technology domain. The stock is trading -15.49 percent below its 52-week high and 24.54 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -8.29. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does VeriSign Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 66.20 percent and the profit margin is 47.30 percent, and the company has reported a gross margin of 85.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $20.80 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for VeriSign Inc. (NASDAQ:VRSN) is 30.97. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 23.69. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 14.60 that mirrors the cost to be found for sales by the market.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.10 percent of VeriSign Inc. shares are owned by insiders, and 95.50 percent are held by financial institutions. Indelicarto Thomas C, the EVP, Gen Counsel & Secretary at VeriSign Inc. (VRSN) has sold 614 shares of firm on Mar 07 at a price of $200.00 against the total amount of $0.12 million. In another inside trade, Buchalter Yehuda Ari, Director of VeriSign Inc. (NASDAQ:VRSN) sold 1,500 shares of the firm on Mar 03 for a total worth of $0.3 million at a price of $198.50. An inside trade which took place on Feb 23, Exec. Chairman & CEO of VeriSign Inc. BIDZOS D JAMES sold 2,000 shares of firm against total price of $0.41 million at the cost of $203.22 per share.



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