NeuStar Inc. (NSR) Stock Price Up 1.9%
NeuStar Inc. (NYSE:NSR) rose 1.9% during mid-day trading on Tuesday . The stock traded as high as $24.20 and last traded at $24.18, with a volume of 304,670 shares traded. The stock had previously closed at $23.72.
NSR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of NeuStar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. restated a “hold” rating on shares of NeuStar in a research report on Tuesday, June 21st. Finally, Deutsche Bank AG restated a “hold” rating and set a $30.00 price objective on shares of NeuStar in a research report on Friday, July 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.00.
The company has a market capitalization of $1.32 billion and a price-to-earnings ratio of 8.70. The firm’s 50 day moving average price is $24.37 and its 200 day moving average price is $24.32.
NeuStar (NYSE:NSR) last issued its earnings results on Thursday, July 28th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $297.37 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. NeuStar’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that NeuStar Inc. will post $5.21 EPS for the current year.
In related news, SVP Henry Skorny sold 24,677 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $23.44, for a total value of $578,428.88. The transaction was disclosed in a document filed with the SEC, which is available through this link.
An institutional investor recently raised its position in NeuStar stock. Morgan Stanley raised its stake in NeuStar Inc. (NYSE:NSR) by 79.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,378 shares of the company’s stock after buying an additional 214,360 shares during the period. Morgan Stanley owned about 0.91% of NeuStar worth $11,611,000 as of its most recent filing with the SEC.
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