In a report released today, Walter Pritchard from Citigroup maintained a Hold rating on Verisign (VRSN), with a price target of $195. The company’s shares closed yesterday at $177.79, close to its 52-week high of $181.74.
According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 13.2% and a 71.7% success rate. Pritchard covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Proofpoint Inc, and Salesforce.com.
Currently, the analyst consensus on Verisign is a Hold with an average price target of $195.
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Based on Verisign’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $182 million. In comparison, last year the company had a net profit of $103 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.
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VeriSign, Inc. engages in the provision of domain name registry services and Internet security. The firm operates through the Reigstry Services Segment, which provides root zone maintainer services.
