Insight Enterprises (NASDAQ:NSIT) Hits New 52-Week Low – Time to Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $146.56 and last traded at $147.51, with a volume of 99523 shares traded. The stock had previously closed at $149.61.

Analyst Ratings Changes

A number of research firms have issued reports on NSIT. Barrington Research decreased their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Stock Up 1.1 %

The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $198.87 and a 200 day moving average price of $201.85.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Institutional Trading of Insight Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of NSIT. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $38,000. EntryPoint Capital LLC bought a new stake in Insight Enterprises in the first quarter valued at approximately $89,000. GAMMA Investing LLC increased its position in Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. raised its holdings in Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the 2nd quarter worth approximately $195,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.