VeriSign (NASDAQ:VRSN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

VeriSign (NASDAQ:VRSN) had its target price raised by analysts at JPMorgan Chase & Co. from $308.00 to $316.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.86% from the stock’s previous close.

Several other brokerages have also recently weighed in on VRSN. Wedbush raised their price objective on VeriSign from $318.00 to $324.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a research note on Wednesday, June 24th. Robert W. Baird increased their target price on shares of VeriSign from $305.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Citigroup raised their price target on shares of VeriSign from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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. VeriSign has a twelve month low of $208.86 and a twelve month high of $312.48. The stock’s 50 day moving average is $276.54 and its 200-day moving average is $259.26. The firm has a market capitalization of $25.48 billion, a PE ratio of 30.37 and a beta of 0.71.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 23rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.02. VeriSign had a negative return on equity of 39.73% and a net margin of 49.76%.The company had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $433.19 million. During the same quarter in the previous year, the firm earned $2.21 earnings per share. VeriSign’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that VeriSign will post 9.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other VeriSign news, CEO D James Bidzos sold 3,300 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $266.09, for a total value of $878,097.00. Following the completion of the transaction, the chief executive officer owned 422,839 shares in the company, valued at $112,513,229.51. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas C. Indelicarto sold 250 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $269.23, for a total value of $67,307.50. Following the sale, the executive vice president directly owned 36,051 shares of the company’s stock, valued at approximately $9,706,010.73. This represents a 0.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,300 shares of company stock worth $7,125,942 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VeriSign

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DV Equities LLC bought a new position in VeriSign during the fourth quarter valued at about $28,000. Sunbelt Securities Inc. raised its position in VeriSign by 429.2% in the third quarter. Sunbelt Securities Inc. now owns 127 shares of the information services provider’s stock worth $36,000 after acquiring an additional 103 shares during the period. Advisors Asset Management Inc. raised its position in VeriSign by 25.3% in the first quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider’s stock worth $50,000 after acquiring an additional 40 shares during the period. Activest Wealth Management raised its position in VeriSign by 788.0% in the fourth quarter. Activest Wealth Management now owns 222 shares of the information services provider’s stock worth $54,000 after acquiring an additional 197 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in VeriSign by 120.8% in 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 acquiring an additional 128 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Key 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.