Verisign (VRSN – Research Report) received a Hold rating and a $245.00 price target from Robert W. Baird analyst Robert Oliver today. The company’s shares closed yesterday at $225.09.
According to TipRanks, Oliver is a 4-star analyst with an average return of 7.1% and a 51.71% success rate. Oliver covers the Technology sector, focusing on stocks such as Verisign, Tyler Technologies, and Aspen Technology, Inc..
Verisign has an analyst consensus of Moderate Buy, with a price target consensus of $248.50.
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The company has a one-year high of $229.72 and a one-year low of $169.24. Currently, Verisign has an average volume of 437.3K.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRSN in relation to earlier this year.
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VeriSign, Inc. provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global Internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. The company was founded by D. James Bidzos on April 12, 1995 and is headquartered in Reston, VA.
