VeriSign Inc. (NASDAQ:VRSN) has a beta value of 0.80 and has seen 0.35 million shares traded in the last trading session. The company, currently valued at $24.67B, closed the last trade at $220.23 per share which meant it lost -$0.27 on the day or -0.12% during that session. The VRSN stock price is -6.51% off its 52-week high price of $234.56 and 16.18% above the 52-week low of $184.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.39 million shares traded. The 3-month trading volume is 484.30K shares.
The consensus among analysts is that VeriSign Inc. (VRSN) is a Hold stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.36.
VeriSign Inc. (NASDAQ:VRSN) trade information
Sporting -0.12% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the VRSN stock price touched $220.23 or saw a rise of 0.84%. Year-to-date, VeriSign Inc. shares have moved 1.77%, while the 5-day performance has seen it change 2.59%. Over the past 30 days, the shares of VeriSign Inc. (NASDAQ:VRSN) have changed 2.49%. Short interest in the company has seen 1.08 million shares shorted with days to cover at 2.45.
Wall Street analysts have a consensus price target for the stock at $254.33, which means that the shares’ value could jump 13.41% from current levels. The projected low price target is $245.00 while the price target rests at a high of $260.00. In that case, then, we find that the current price level is -18.06% off the targeted high while a plunge would see the stock gain -11.25% from current levels.
VeriSign Inc. (VRSN) estimates and forecasts
Figures show that VeriSign Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 16.62% over the past 6 months, with this year growth rate of -23.90%, compared to 14.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -8.70% and 2.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of $332.52 million for the current quarter. 2 have an estimated revenue figure of $340.14 million for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.20% over the past 5 years. Earnings growth for 2021 is a modest -2.40% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
VeriSign Inc. is expected to release its next earnings report between October 20 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
VeriSign Inc. (NASDAQ:VRSN)’s Major holders
Insiders own 1.25% of the company shares, while shares held by institutions stand at 92.69% with a share float percentage of 93.86%. Investors are also buoyed by the number of investors in a company, with VeriSign Inc. having a total of 879 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 12.82 million shares worth more than $2.92 billion. As of Jun 29, 2021, Berkshire Hathaway, Inc held 11.46% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.44 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $2.38 billion and represent 9.33% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and American Balanced Fund. As of Mar 30, 2021, the former fund manager holds about 2.43% shares in the company for having 2.71 million shares of worth $539.31 million while later fund manager owns 2.2 million shares of worth $500.92 million as of Jun 29, 2021, which makes it owner of about 1.97% of company’s outstanding stock.