Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month Low – Here’s Why

Insight Enterprises, Inc. (NASDAQ:NSIT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $88.61 and last traded at $90.5550, with a volume of 269049 shares. The stock had previously closed at $90.49.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NSIT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a research report on Wednesday, October 8th. Barrington Research set a $120.00 price target on Insight Enterprises in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.50.

Insight Enterprises Stock Down 0.7%

The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 0.95 and a beta of 1.11. The business’s 50-day moving average is $107.25 and its 200-day moving average is $124.45.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.19 EPS. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Insight Enterprises by 64.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,158 shares of the software maker’s stock valued at $4,973,000 after purchasing an additional 13,051 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Insight Enterprises in the first quarter valued at $1,808,000. Cetera Investment Advisers acquired a new position in shares of Insight Enterprises in the first quarter worth about $261,000. Equitable Trust Co. boosted its stake in shares of Insight Enterprises by 33.7% during the 1st quarter. Equitable Trust Co. now owns 7,000 shares of the software maker’s stock worth $1,050,000 after acquiring an additional 1,763 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Insight Enterprises by 244.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 3,100 shares of the software maker’s stock valued at $465,000 after acquiring an additional 2,200 shares during the period.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.