NASDAQ:DSGX The Descartes Systems Group (DSGX) Stock Forecast, Price & News $71.93 -0.81 (-1.11%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$70.94▼$72.9950-Day Range$70.86▼$78.1152-Week Range$62.12▼$82.02Volume128,831 shsAverage Volume139,802 shsMarket Capitalization$6.12 billionP/E Ratio54.91Dividend YieldN/APrice Target$85.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media The Descartes Systems Group MarketRank™ ForecastAnalyst RatingHold2.38 Rating ScoreUpside/Downside18.2% Upside$85.00 Price TargetShort InterestBearish0.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.70Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth21.37%From $1.31 to $1.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsComputer And Technology Sector401st out of 596 stocksPrepackaged Software Industry124th out of 200 stocks 2.2 Analyst's Opinion Consensus RatingThe Descartes Systems Group has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $85.00, The Descartes Systems Group has a forecasted upside of 18.2% from its current price of $71.93.Amount of Analyst CoverageThe Descartes Systems Group has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted0.71% of the float of The Descartes Systems Group has been sold short.Short Interest Ratio / Days to CoverThe Descartes Systems Group has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in The Descartes Systems Group has recently increased by 0.07%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldThe Descartes Systems Group does not currently pay a dividend.Dividend GrowthThe Descartes Systems Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DSGX. Previous Next 2.6 News and Social Media Coverage News SentimentThe Descartes Systems Group has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for The Descartes Systems Group this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, The Descartes Systems Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.31% of the stock of The Descartes Systems Group is held by insiders.Percentage Held by Institutions76.73% of the stock of The Descartes Systems Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for The Descartes Systems Group are expected to grow by 21.37% in the coming year, from $1.31 to $1.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of The Descartes Systems Group is 54.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.64.Price to Earnings Ratio vs. SectorThe P/E ratio of The Descartes Systems Group is 54.91, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 221.49.Price to Book Value per Share RatioThe Descartes Systems Group has a P/B Ratio of 5.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About The Descartes Systems Group (NASDAQ:DSGX) StockThe Descartes Systems Group Inc. provides cloud-based logistics and supply chain solutions worldwide. The company's Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; e-commerce shipping and fulfillment; customs and regulatory compliance; trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services. It also offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. In addition, the company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It serves transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and business service providers. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.Read More DSGX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DSGX Stock News HeadlinesOctober 3, 2023 | americanbankingnews.comThe Descartes Systems Group Inc. (NASDAQ:DSGX) Given Consensus Recommendation of "Hold" by AnalystsSeptember 28, 2023 | americanbankingnews.comHead to Head Contrast: The Descartes Systems Group (NASDAQ:DSGX) vs. Smead Value Fund (NASDAQ:SVFCX)October 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 27, 2023 | finance.yahoo.comShould Weakness in The Descartes Systems Group Inc.'s (TSE:DSG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?September 7, 2023 | markets.businessinsider.comStephens & Co. Maintains Overweight Rating for Descartes Systems Gr: Here's What You Need To KnowSeptember 7, 2023 | finance.yahoo.comThe Descartes Systems Group Inc. (NASDAQ:DSGX) Q2 2024 Earnings Call TranscriptSeptember 7, 2023 | finance.yahoo.comThe Descartes Systems Group Inc.: Descartes Earnings: Positive Demand Trends Continue, Leading to More Quarterly StrengthSeptember 7, 2023 | finance.yahoo.comDescartes Systems (DSGX) Q2 Earnings Lag EstimatesOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 7, 2023 | finance.yahoo.comDescartes posts record results at bottom of freight cycleSeptember 5, 2023 | msn.comDescartes Systems Q2 2024 Earnings PreviewAugust 29, 2023 | finance.yahoo.comCrafter’s Companion Improves Fulfilment Efficiency by 25% and Reduces Error Rate to Less Than 1% with Descartes Ecommerce Warehouse SolutionJuly 24, 2023 | finance.yahoo.comThe Return Trends At Descartes Systems Group (TSE:DSG) Look PromisingJuly 21, 2023 | msn.comDescartes Systems Group: A Top-Tier CompounderJuly 17, 2023 | finance.yahoo.comStop Start Unlocks Distribution Capacity with Descartes’ Last Mile Delivery SolutionJuly 7, 2023 | finance.yahoo.comIs It Time To Consider Buying The Descartes Systems Group Inc. (TSE:DSG)?June 15, 2023 | finance.yahoo.comDescartes Announces Results of Annual Shareholder MeetingJune 15, 2023 | finance.yahoo.comDescartes study: Retailers’ sustainable home delivery efforts lackingJune 8, 2023 | barrons.comS&P 500 Futures Flat in Premarket Trading; HashiCorp, GameStop LagJune 1, 2023 | finanznachrichten.deThe Descartes Systems Group Inc.: Descartes Announces Fiscal 2024 First Quarter Financial ResultsJune 1, 2023 | finance.yahoo.comThe Descartes Systems Group Inc.: Descartes Makes the Supply Chain Work More Efficiently for EveryoneMay 31, 2023 | finance.yahoo.comDescartes Announces Fiscal 2024 First Quarter Financial ResultsMay 31, 2023 | finance.yahoo.comDescartes Systems (DSGX) Q1 Earnings and Revenues Surpass EstimatesMay 31, 2023 | finance.yahoo.comDescartes sees February as cycle low pointMay 30, 2023 | msn.comDescartes Systems Q1 2024 Earnings PreviewMay 29, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: The Descartes Systems Group (DSGX) and Appen Ltd. (OtherAPPEF)May 22, 2023 | seekingalpha.comDescartes Systems: Premium Valuation For A Premium PlayerSee More Headlines Receive DSGX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for The Descartes Systems Group and its competitors with MarketBeat's FREE daily newsletter. Email Address DSGX Company Calendar Last Earnings9/06/2023Today10/04/2023Next Earnings (Estimated)12/06/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:DSGX CUSIPN/A CIK1050140 Webwww.descartes.com Phone(519) 746-8110Fax519-746-1984Employees2,083Year Founded1981Price Target and Rating Average Stock Price Forecast$85.00 High Stock Price Forecast$100.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside+18.2%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.31 Trailing P/E Ratio54.91 Forward P/E Ratio54.91 P/E GrowthN/ANet Income$102.24 million Net Margins21.60% Pretax Margin28.07% Return on Equity10.22% Return on Assets8.49% Debt Debt-to-Equity RatioN/A Current Ratio1.59 Quick Ratio1.59 Sales & Book Value Annual Sales$486.01 million Price / Sales12.59 Cash Flow$1.94 per share Price / Cash Flow37.13 Book Value$12.96 per share Price / Book5.55Miscellaneous Outstanding Shares85,100,000Free Float84,832,000Market Cap$6.12 billion OptionableNot Optionable Beta1.01 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Edward J. Ryan B.A. (Age 54)BA, CEO & Director Comp: $1.09MMr. John Scott PaganPres & COOMr. Allan J. Brett C.A. (Age 54)C.B.V., Chief Financial Officer Comp: $794.09kMr. Kenneth Edward WoodExec. VP of Product ManagementMr. Andrew RoszkoChief Commercial OfficerMr. Raimond DiederikExec. VP of Information ServicesMr. Peter NguyenSr. VP Legal, Gen. Counsel & Corp. Sec.Mr. Christopher Jones (Age 64)Exec. VP of Marketing, Industry & Services Mr. Edward James GardnerExec. VP of Corp. Devel.Ms. Maija MichellSr. VP HRMore ExecutivesKey CompetitorsNew RelicNYSE:NEWRCyberArk SoftwareNASDAQ:CYBRAppFolioNASDAQ:APPFZoomInfo TechnologiesNASDAQ:ZIQualysNASDAQ:QLYSView All CompetitorsInstitutional OwnershipBarclays PLCSold 3,523 shares on 9/21/2023Ownership: 0.002%Alberta Investment Management CorpSold 64,000 shares on 8/24/2023Ownership: 0.149%Osaic Holdings Inc.Sold 1,843 shares on 8/21/2023Ownership: 0.007%Durable Capital Partners LPSold 289,383 shares on 8/17/2023Ownership: 4.153%CIBC Asset Management IncBought 405 shares on 8/15/2023Ownership: 0.103%View All Institutional Transactions DSGX Stock - Frequently Asked Questions Should I buy or sell The Descartes Systems Group stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DSGX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DSGX, but not buy additional shares or sell existing shares. View DSGX analyst ratings or view top-rated stocks. What is The Descartes Systems Group's stock price forecast for 2023? 8 analysts have issued 1-year target prices for The Descartes Systems Group's stock. Their DSGX share price forecasts range from $65.00 to $100.00. On average, they predict the company's share price to reach $85.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View analysts price targets for DSGX or view top-rated stocks among Wall Street analysts. How have DSGX shares performed in 2023? The Descartes Systems Group's stock was trading at $69.65 at the beginning of 2023. Since then, DSGX shares have increased by 3.3% and is now trading at $71.93. View the best growth stocks for 2023 here. When is The Descartes Systems Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023. View our DSGX earnings forecast. How were The Descartes Systems Group's earnings last quarter? The Descartes Systems Group Inc. (NASDAQ:DSGX) issued its quarterly earnings results on Wednesday, September, 6th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The technology company had revenue of $143.39 million for the quarter, compared to analysts' expectations of $139.95 million. The Descartes Systems Group had a net margin of 21.60% and a trailing twelve-month return on equity of 10.22%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. What ETF holds The Descartes Systems Group's stock ? iShares Expanded Tech-Software Sector ETF holds 261,573 shares of DSGX stock, representing 0.30% of its portfolio. What is Ed Ryan's approval rating as The Descartes Systems Group's CEO? 19 employees have rated The Descartes Systems Group Chief Executive Officer Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among the company's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of The Descartes Systems Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), Kroger (KR), Visa (V) and Valero Energy (VLO). What is The Descartes Systems Group's stock symbol? The Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX." How do I buy shares of The Descartes Systems Group? Shares of DSGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is The Descartes Systems Group's stock price today? One share of DSGX stock can currently be purchased for approximately $71.93. How much money does The Descartes Systems Group make? The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $6.12 billion and generates $486.01 million in revenue each year. The technology company earns $102.24 million in net income (profit) each year or $1.31 on an earnings per share basis. How many employees does The Descartes Systems Group have? The company employs 2,083 workers across the globe. Does The Descartes Systems Group have any subsidiaries? The following companies are subsidiares of The Descartes Systems Group: Peoplevox.Read More How can I contact The Descartes Systems Group? The Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The official website for the company is www.descartes.com. The technology company can be reached via phone at (519) 746-8110, via email at investor@descartes.com, or via fax at 519-746-1984. This page (NASDAQ:DSGX) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding The Descartes Systems Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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