Insight Enterprises (NASDAQ:NSIT) Reaches New 52-Week Low - Time to Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $111.10 and last traded at $112.52, with a volume of 442361 shares trading hands. The stock had previously closed at $112.77.

Analysts Set New Price Targets

NSIT has been the topic of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a research note on Monday, September 15th. JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Insight Enterprises Price Performance

The company has a 50-day moving average price of $127.25 and a two-hundred day moving average price of $134.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The company has a market cap of $3.54 billion, a PE ratio of 26.85, a P/E/G ratio of 1.04 and a beta of 1.16.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the company earned $2.46 EPS. Insight Enterprises's quarterly 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. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its holdings in Insight Enterprises by 32.5% in the second quarter. Osaic Holdings Inc. now owns 2,531 shares of the software maker's stock valued at $355,000 after purchasing an additional 621 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Insight Enterprises by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 20,190 shares of the software maker's stock valued at $2,788,000 after purchasing an additional 116 shares during the last quarter. Cim LLC boosted its holdings in 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 purchasing an additional 228 shares during the last quarter. State of Wyoming purchased a new position in Insight Enterprises in the second quarter valued at about $184,000. Finally, Hudson Bay Capital Management LP purchased a new position in Insight Enterprises in the second quarter valued at about $472,000.

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.

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