Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month Low - Time to Sell?

Key Points

• Insight Enterprises has hit a new 12-month low of $109.41, declining from a previous close of $111.47.
• Analyst ratings for the company indicate a mixed outlook, with a consensus target price of $183.00 and a current rating of "Moderate Buy."
• Recent earnings results showed that Insight Enterprises missed consensus estimates, reporting $2.45 EPS against expectations of $2.49 and a decrease in year-over-year revenue by 3.3%.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $110.23 and last traded at $109.41, with a volume of 15316 shares trading hands. The stock had previously closed at $111.47.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a research note on Monday, September 15th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Insight Enterprises in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Trading Down 1.1%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.03 and a beta of 1.13. The business has a fifty day moving average price of $124.66 and a 200 day moving average price of $133.12.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the firm posted $2.46 EPS. Insight Enterprises's revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in Insight Enterprises by 32.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,531 shares of the software maker's stock worth $355,000 after purchasing an additional 621 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Insight Enterprises by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 20,190 shares of the software maker's stock worth $2,788,000 after buying an additional 116 shares during the period. Cim LLC grew its stake in shares of Insight Enterprises by 8.3% in the second quarter. Cim LLC now owns 2,973 shares of the software maker's stock valued at $411,000 after buying an additional 228 shares in the last quarter. State of Wyoming purchased a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $184,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $472,000.

About Insight Enterprises

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.

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