Price Change to Note: What’s Propelling ARI Network Services, Inc. to Reach 52-Week High?

Price Change to Note: What's Propelling ARI Network Services, Inc. to Reach 52 Week High?

The stock of ARI Network Services, Inc. (NASDAQ:ARIS) hit a new 52-week high and has $13.52 target or 145.00% above today’s $5.52 share price. The 5 months bullish chart indicates low risk for the $102.52 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $13.52 price target is reached, the company will be worth $148.65 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 63,217 shares traded hands or 38.29% up from the average. ARI Network Services, Inc. (NASDAQ:ARIS) has risen 19.20% since April 19, 2016 and is uptrending. It has outperformed by 15.34% the S&P500.

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. $6.0 is the highest target while $5.25 is the lowest. The $5.75 average target is 4.17% above today’s ($5.52) stock price. ARI Network Services has been the topic of 4 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, March 11 by Ascendiant Capital. The rating was initiated by Craig Hallum on Monday, September 14 with “Buy”. The company was initiated on Monday, January 25 by Barrington Research.

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 increased to 2 in Q2 2016. Its up 1.20, from 0.8 in 2016Q1. The ratio improved, 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.
Needham Invest Management Ltd Liability Co has 15,000 shares for 0.02% of their US portfolio. Blue Clay Capital Mgmt Ltd Liability last reported 0.37% of its portfolio in the stock. Blackrock Management has 0% invested in the company for 2,858 shares. Perritt Cap Mgmt last reported 0.14% of its portfolio in the stock. Morgan Stanley reported 721 shares or 0% of all its holdings. Royal Comml Bank Of Canada reported 93 shares or 0% of all its holdings. Tower Research Cap Lc (Trc) accumulated 0% or 700 shares. Ladenburg Thalmann Fincl Ser holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 50 shares. Hancock accumulated 25,064 shares or 0% of the stock. Walleye Trading Ltd owns 13 shares or 0% of their US portfolio. Geode Capital Mgmt Limited Liability Company last reported 69,276 shares in the company. Jbf Cap has 12,200 shares for 0.01% of their US portfolio. Deutsche National Bank & Trust Ag holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 647 shares. Wellington Management Limited Liability Partnership holds 1.52 million shares or 0% of its portfolio. Bank Of America Corp De has invested 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS).

More notable recent ARI Network Services, Inc. (NASDAQ:ARIS) news were published by: Biztimes.com which released: “ARI Network Services paid $10.3 million for Auction123” on November 07, 2016, also Biztimes.com with their article: “ARI Network Services reports higher profit in Q4” published on October 28, 2016, Jsonline.com published: “ARI Network Services acquires Florida firm” on November 02, 2016. More interesting news about ARI Network Services, Inc. (NASDAQ:ARIS) were released by: Reuters.com and their article: “BRIEF-ARI Network Services entered into a second loan modification agreement …” published on November 04, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Park City Capital LLC submitted notice to ARI Network Services nomin…” with publication date: March 26, 2013.

ARIS Company Profile

ARI Network Services, Inc. (ARI), incorporated on July 23, 1981, provides Website, software and data solutions. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. The Firm also offers a suite of solutions, which include software, Website customization, professional services and hosting services. The Firm serves various industries, which include powersports, medical equipment, marine, tire and wheel, outdoor power equipment, appliances and recreational vehicles.

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