Insight Enterprises (NASDAQ:NSIT) Reaches New 12-Month Low – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT) reached a new 52-week low during trading on Monday . The stock traded as low as $63.72 and last traded at $64.19, with a volume of 133978 shares trading hands. The stock had previously closed at $65.82.

Analysts Set New Price Targets

NSIT has been the topic of several research reports. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Canaccord Genuity Group set a $90.00 target price on shares of Insight Enterprises in a research report on Friday, February 6th. Barrington Research reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a research note on Friday, February 6th. Finally, Wall Street Zen cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $100.00.

Insight Enterprises Stock Down 2.1%

The business has a fifty day moving average of $81.68 and a 200 day moving average of $91.05. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $1.99 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.67 and a beta of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 5th. The software maker reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in NSIT. CWM LLC lifted its holdings in Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after acquiring an additional 149 shares in the last quarter. Torren Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after acquiring an additional 368 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Insight Enterprises during the third quarter worth about $48,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after purchasing an additional 668 shares in the last quarter.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.