BidaskClub upgraded shares of Verisign (NASDAQ:VRSN) from a hold rating to a buy rating in a research note published on Tuesday, BidAskClub reports.

Several other research firms have also issued reports on VRSN. Zacks Investment Research upgraded shares of Verisign from a hold rating to a buy rating and set a $201.00 price target on the stock in a research report on Sunday, November 3rd. ValuEngine lowered shares of Verisign from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $212.00.

VRSN stock traded up $2.85 on Tuesday, reaching $212.22. 10,440 shares of the company were exchanged, compared to its average volume of 612,981. The firm has a market capitalization of $24.58 billion, a PE ratio of 44.46 and a beta of 1.01. Verisign has a 12 month low of $157.91 and a 12 month high of $221.78. The stock’s fifty day moving average price is $194.57 and its 200 day moving average price is $197.72.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 24th. The information services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.05. The company had revenue of $308.42 million for the quarter, compared to analyst estimates of $308.34 million. Verisign had a net margin of 52.60% and a negative return on equity of 44.38%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS. On average, sell-side analysts anticipate that Verisign will post 5.13 earnings per share for the current fiscal year.

In other Verisign news, Director Timothy Tomlinson sold 295 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $190.57, for a total value of $56,218.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in VRSN. HM Payson & Co. bought a new position in shares of Verisign during the 2nd quarter worth about $25,000. Parallel Advisors LLC lifted its holdings in shares of Verisign by 92.1% during the 3rd quarter. Parallel Advisors LLC now owns 219 shares of the information services provider’s stock worth $41,000 after acquiring an additional 105 shares during the period. Allred Capital Management LLC bought a new position in shares of Verisign during the 4th quarter worth about $42,000. Whittier Trust Co. lifted its holdings in shares of Verisign by 172.7% during the 3rd quarter. Whittier Trust Co. now owns 240 shares of the information services provider’s stock worth $45,000 after acquiring an additional 152 shares during the period. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Verisign by 177.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 244 shares of the information services provider’s stock worth $51,000 after acquiring an additional 156 shares during the period. 90.87% of the stock is owned by institutional investors.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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