Insight Enterprises (NASDAQ:NSIT) Sets New 12-Month Low - What's Next?

Key Points

• Insight Enterprises (NASDAQ:NSIT) hit a new 12-month low, trading as low as $115.67 during mid-day trading, compared to its previous close of $117.24.
• Despite the decline in share price, analysts maintain a Moderate Buy consensus rating with an average price target of $183.00, indicating potential upside.
• The company reported Q2 earnings of $2.45 per share, missing estimates, and its revenue declined 3.3% year-over-year, highlighting ongoing financial challenges.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $115.67 and last traded at $116.50, with a volume of 14384 shares changing hands. The stock had previously closed at $117.24.

Analyst Upgrades and Downgrades

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

Insight Enterprises Trading Down 1.8%

The stock has a market capitalization of $3.62 billion, a PE ratio of 27.47, a P/E/G ratio of 1.10 and a beta of 1.16. The company's 50 day moving average price is $129.40 and its two-hundred day moving average price is $135.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. Insight Enterprises's revenue for the quarter 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, analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Several institutional investors have recently modified their holdings of NSIT. Ameritas Investment Partners Inc. grew its stake in shares of Insight Enterprises by 2.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,835 shares of the software maker's stock worth $391,000 after purchasing an additional 80 shares during the period. Bessemer Group Inc. grew its stake in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the period. Xponance Inc. grew its stake in shares of Insight Enterprises by 4.3% during the 1st quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock worth $342,000 after purchasing an additional 94 shares during the period. Parallel Advisors LLC grew its stake in shares of Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares during the period. Finally, F m Investments LLC grew its stake in shares of Insight Enterprises by 0.4% during the 2nd quarter. F m Investments LLC now owns 28,432 shares of the software maker's stock worth $3,926,000 after purchasing an additional 106 shares during the period.

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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