Price Action to Note: What’s in ARI Network Services, Inc. After Today’s Big Increase?

Price Action to Note: What's in ARI Network Services, Inc. After Today's Big Increase?

The stock of ARI Network Services, Inc. (NASDAQ:ARIS) is a huge mover today! About 62,379 shares traded hands or 69.19% up from the average. ARI Network Services, Inc. (NASDAQ:ARIS) has risen 6.79% since March 3, 2016 and is uptrending. It has underperformed by 1.55% the S&P500.
The move comes after 6 months positive chart setup for the $81.20M company. It was reported on Oct, 6 by Barchart.com. We have $8.02 PT which if reached, will make NASDAQ:ARIS worth $60.09M more.

Analysts await ARI Network Services, Inc. (NASDAQ:ARIS) to report earnings on October, 26. They expect $0.02 EPS, 0.00% or $0.00 from last year’s $0.02 per share. ARIS’s profit will be $352,278 for 57.63 P/E if the $0.02 EPS becomes a reality. After $0.03 actual EPS reported by ARI Network Services, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

ARI Network Services, Inc. (NASDAQ:ARIS) Ratings Coverage

Out of 3 analysts covering ARI Network Services (NASDAQ:ARIS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ARI Network Services has been the topic of 4 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Barrington Research initiated the stock with “Outperform” rating in Monday, January 25 report. The firm earned “Buy” rating on Friday, March 11 by Ascendiant Capital. The firm earned “Buy” rating on Monday, September 14 by Craig Hallum.

According to Zacks Investment Research, “ARI Network Services, Inc. is a provider of business-to-business Internet e-commerce solutions for manufacturers with shared distribution and service networks. The company currently serves segments of the manufactured equipment market, including Outdoor Power, Recreation Vehicle, Floor Maintenance, Marine, and Construction. The company’s communications systems provide an electronic pathway for parts orders, warranty claims, and other transactions between manufacturers and their networks of sales and service points.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 2.53, from 3.33 in 2016Q1. The ratio turned negative, as 2 funds sold all ARI Network Services, Inc. shares owned while 8 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 3.04 million shares or 66.46% less from 9.07 million shares in 2016Q1.
Comml Bank Of America De last reported 92 shares in the company. Blue Clay Cap Mgmt Ltd holds 0.37% or 75,079 shares in its portfolio. Tower Research Cap Ltd Liability Company (Trc), a New York-based fund reported 700 shares. Blackrock Fund Advisors accumulated 0% or 7,383 shares. Hancock has 25,064 shares for 0% of their US portfolio. Jbf last reported 12,200 shares in the company. Ladenburg Thalmann has 0% invested in the company for 50 shares. Magee Thomson Partners Limited Liability Co last reported 201 shares in the company. Wellington Management Gp Llp reported 1.52M shares or 0% of all its holdings. Spark Inv Mgmt Ltd last reported 32,900 shares in the company. First Wilshire Mgmt reported 385,169 shares or 0.52% of all its holdings. Blackrock Investment Mngmt Ltd owns 2,858 shares or 0% of their US portfolio. Acadian Asset Mgmt Ltd holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 3,424 shares. Lpl Fin Ltd Com last reported 0% of its portfolio in the stock. Grt Cap Partners Ltd Limited Liability Company accumulated 0.01% or 10,273 shares.

Insider Transactions: Since April 18, 2016, the stock had 0 insider purchases, and 1 sale for $34,791 net activity. On Monday, April 18 the insider OLIVIER ROY W sold $34,791.

More important recent ARI Network Services, Inc. (NASDAQ:ARIS) news were published by: Seekingalpha.com which released: “ARI Network Services’ (ARIS) CEO Roy Olivier on Q3 2016 Results – Earnings …” on June 10, 2016, also Jsonline.com published article titled: “ARI Network Services acquires Direct Communications of Des Moines”, Jsonline.com published: “ARI Network Services acquires Pennsylvania firm” on April 28, 2015. More interesting news about ARI Network Services, Inc. (NASDAQ:ARIS) was released by: Benzinga.com and their article: “CORRECTION – ARI Network Services Schedules Fourth Quarter Fiscal 2016 …” with publication date: September 27, 2016.

ARIS Company Profile

ARI Network Services, Inc., incorporated on July 23, 1981, 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. The Company’s SaaS and DaaS solutions include: eCommerce-enabled websites, which provide a Web presence for dealers and serve as a platform for driving leads and eCommerce sales; eCatalogs, which drive sales of inventory and PG&A both online and within the dealership; and lead management software designed to increase sales for dealers through management and closure of leads.

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