ARI Network Services Inc. (ARIS) Hits New 1-Year High at $4.90
ARI Network Services Inc. (NASDAQ:ARIS)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $4.90 and last traded at $4.77, with a volume of 58,557 shares changing hands. The stock had previously closed at $4.80.
A number of equities analysts recently commented on ARIS shares. Zacks Investment Research cut ARI Network Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Ascendiant Capital Markets raised their target price on ARI Network Services from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 11th.
The stock has a market capitalization of $83.04 million and a P/E ratio of 53.4433. The company’s 50-day moving average price is $4.12 and its 200 day moving average price is $4.16.
ARI Network Services (NASDAQ:ARIS) last released its quarterly earnings results on Thursday, June 9th. The company reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company earned $12 million during the quarter, compared to analyst estimates of $11.82 million. On average, equities analysts anticipate that ARI Network Services Inc. will post $0.10 earnings per share for the current fiscal year.
In other news, CEO Roy W. Olivier sold 7,998 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $4.35, for a total value of $34,791.30. Following the completion of the transaction, the chief executive officer now directly owns 169,297 shares of the company’s stock, valued at $736,441.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in ARI Network Services stock. Cowen Prime Services LLC raised its stake in shares of ARI Network Services Inc. (NASDAQ:ARIS) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,259,200 shares of the company’s stock after buying an additional 200,800 shares during the period. ARI Network Services makes up about 2.5% of Cowen Prime Services LLC’s portfolio, making the stock its 10th largest position. Cowen Prime Services LLC owned 7.33% of ARI Network Services worth $5,666,000 as of its most recent filing with the SEC.
ARI Network Services, Inc creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets Sell More Stuff!- online and in-store. The Company’s solutions include Web Platform Solutions, eCatalog Platform Solutions and Lead Management Product.
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