ARI Network Services Inc. (ARIS) Trading 4.7% Higher
ARI Network Services Inc. (NASDAQ:ARIS)’s share price traded up 4.7% on Thursday . The stock traded as high as $4.75 and last traded at $4.66, with a volume of 158,922 shares changing hands. The stock had previously closed at $4.45.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ARI Network Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Ascendiant Capital Markets raised their price objective on shares of ARI Network Services from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 11th.
The stock has a market capitalization of $83.04 million and a P/E ratio of 53.44. The company has a 50-day moving average of $4.15 and a 200 day moving average of $4.17.
ARI Network Services (NASDAQ:ARIS) last issued its quarterly earnings data on Thursday, June 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. The company had revenue of $12 million for the quarter, compared to the consensus estimate of $11.82 million. On average, equities analysts predict that ARI Network Services Inc. will post $0.10 EPS for the current year.
In other ARI Network Services news, CEO Roy W. Olivier sold 7,998 shares of ARI Network Services stock in a transaction on Monday, April 18th. The stock was sold at an average price of $4.35, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in ARI Network Services stock. Cowen Prime Services LLC increased its position in shares of ARI Network Services Inc. (NASDAQ:ARIS) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,259,200 shares of the company’s stock after buying an additional 200,800 shares during the period. ARI Network Services accounts for about 2.5% of Cowen Prime Services LLC’s investment portfolio, making the stock its 10th largest position. Cowen Prime Services LLC owned about 7.33% of ARI Network Services worth $5,666,000 as of its most recent SEC filing.
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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