VeriSign (NASDAQ:VRSN) Stock Price Expected to Rise, Wedbush Analyst Says

VeriSign (NASDAQ:VRSN) had its price target hoisted by Wedbush from $318.00 to $324.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Wedbush’s target price points to a potential upside of 15.71% from the stock’s current price.

Several other brokerages have also commented on VRSN. Robert W. Baird raised their price target on shares of VeriSign from $305.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a research report on Wednesday, June 24th. Citigroup increased their price objective on VeriSign from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on VeriSign from $285.00 to $308.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $328.75.

VeriSign Stock Up 7.0%

VRSN stock opened at $280.00 on Friday. The stock has a market cap of $25.48 billion, a PE ratio of 30.37 and a beta of 0.71. The firm’s 50-day simple moving average is $276.54 and its 200 day simple moving average is $259.26. VeriSign has a fifty-two week low of $208.86 and a fifty-two week high of $312.48.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 23rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.02. The firm had revenue of $434.60 million during the quarter, compared to analyst estimates of $433.19 million. VeriSign had a net margin of 49.76% and a negative return on equity of 39.73%. VeriSign’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 EPS. Equities analysts forecast that VeriSign will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling at VeriSign

In other VeriSign news, CEO D James Bidzos sold 3,300 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $297.47, for a total transaction of $981,651.00. Following the sale, the chief executive officer directly owned 439,339 shares in the company, valued at approximately $130,690,172.33. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas C. Indelicarto sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $283.54, for a total transaction of $141,770.00. Following the completion of the sale, the executive vice president directly owned 36,551 shares of the company’s stock, valued at approximately $10,363,670.54. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 26,300 shares of company stock valued at $7,125,942. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On VeriSign

A number of institutional investors have recently added to or reduced their stakes in the company. DV Equities LLC acquired a new position in shares of VeriSign during the 4th quarter valued at $28,000. Sunbelt Securities Inc. raised its stake in shares of VeriSign by 429.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 127 shares of the information services provider’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of VeriSign by 25.3% in the first quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider’s stock valued at $50,000 after buying an additional 40 shares during the period. Activest Wealth Management lifted its holdings in shares of VeriSign by 788.0% in the fourth quarter. Activest Wealth Management now owns 222 shares of the information services provider’s stock valued at $54,000 after buying an additional 197 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in VeriSign by 120.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 234 shares of the information services provider’s stock valued at $57,000 after buying an additional 128 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

More VeriSign News

Here are the key news stories impacting VeriSign this week:

• Positive Sentiment: VeriSign reported second-quarter results that topped estimates, with EPS of $2.38 versus $2.36 expected and revenue of $434.6 million, up 6% year over year. The stronger-than-expected quarter suggests steady demand for domain registrations. Article Title
• Positive Sentiment: The company lifted its FY2026 outlook, calling for revenue of $1.7 billion to $1.8 billion, reinforcing confidence that growth can continue after the latest quarter. Article Title
• Positive Sentiment: VeriSign announced that .web has been delegated into the DNS root zone, with the company as registry operator. That adds a potential long-term growth opportunity for domain registrations and registry revenue. Article Title
• Positive Sentiment: Wedbush raised its price target on VeriSign to $324 from $318 and kept an outperform rating, implying additional upside relative to the current trading level. Article Title
• Positive Sentiment: JPMorgan also raised its price target to $316 from $308, even while maintaining a neutral rating, signaling improved expectations for the stock’s value. Article Title
• Neutral Sentiment: VeriSign declared a quarterly dividend of $0.81 per share, which supports the stock’s income profile but is not a major growth driver by itself.

VeriSign Company Profile

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.