NeuStar Inc. (NSR) Stock Price Down 2.7%
Shares of NeuStar Inc. (NYSE:NSR) traded down 2.7% on Tuesday . The stock traded as low as $24.42 and last traded at $24.46, with a volume of 309,123 shares. The stock had previously closed at $25.14.
Several analysts recently commented on the company. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of NeuStar in a report on Tuesday, June 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $30.00 target price on shares of NeuStar in a report on Friday, July 29th. Finally, Zacks Investment Research cut NeuStar from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. NeuStar presently has an average rating of “Hold” and an average target price of $29.00.
The stock has a 50-day moving average price of $24.35 and a 200-day moving average price of $24.22. The firm has a market cap of $1.31 billion and a PE ratio of 8.60.
NeuStar (NYSE:NSR) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. The business earned $297.60 million during the quarter, compared to analysts’ expectations of $297.37 million. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. On average, equities analysts anticipate that NeuStar Inc. will post $5.21 earnings per share for the current fiscal year.
In other NeuStar news, SVP Henry Skorny sold 24,677 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $23.44, for a total value of $578,428.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of NeuStar by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 213,912 shares of the company’s stock worth $5,129,000 after buying an additional 1,312 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of NeuStar by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 176,500 shares of the company’s stock worth $4,231,000 after buying an additional 1,800 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of NeuStar during the fourth quarter worth $1,346,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of NeuStar during the fourth quarter worth $1,858,000. Finally, Morgan Stanley boosted its position in shares of NeuStar by 79.4% in the fourth quarter. Morgan Stanley now owns 484,378 shares of the company’s stock worth $11,611,000 after buying an additional 214,360 shares in the last quarter.
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