November 21, 2016 - By Marguerite Chambers · 0 Comments
Ari Network Services Inc (NASDAQ:ARIS) institutional sentiment increased to 2 in Q2 2016. Its up 1.20, from 0.8 in 2016Q1. The ratio is more positive, as 8 funds opened new and increased positions, while 10 decreased and sold equity positions in Ari Network Services Inc. The funds in our partner’s database now hold: 3.04 million shares, down from 9.07 million shares in 2016Q1. Also, the number of funds holding Ari Network Services Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 8 Increased: 5 New Position: 3.
ARI Network Services, Inc. provides Website, software and data solutions. The company has a market cap of $99.10 million. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. It has a 54.27 P/E ratio. It offers a menu of Website add-ons, including a mobile inventory management application, third-party inventory integrations and business management integrations.
The stock closed at $5.34 during the last session. It is down 19.20% since April 19, 2016 and is uptrending. It has outperformed by 15.34% the S&P500.
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.”
First Wilshire Securities Management Inc holds 0.52% of its portfolio in ARI Network Services, Inc. for 385,169 shares. Blue Clay Capital Management Llc owns 75,079 shares or 0.37% of their US portfolio. Moreover, Awm Investment Company Inc. has 0.27% invested in the company for 300,000 shares. The Illinois-based Perritt Capital Management Inc has invested 0.14% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 181,000 shares.#img1#
Ratings analysis reveals 100% of ARI Network Services’s analysts are positive. Out of 3 Wall Street analysts rating ARI Network Services, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5.25 while the high is $6.0. The stock’s average target of $5.75 is 7.68% above today’s ($5.34) share price. ARIS was included in 4 notes of analysts from September 14, 2015. Craig Hallum initiated ARI Network Services, Inc. (NASDAQ:ARIS) rating on Monday, September 14. Craig Hallum has “Buy” rating and $5.25 price target. The stock of ARI Network Services, Inc. (NASDAQ:ARIS) earned “Buy” rating by Ascendiant Capital on Friday, March 11. Barrington Research initiated ARI Network Services, Inc. (NASDAQ:ARIS) on Monday, January 25 with “Outperform” rating.
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.
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.
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By Marguerite Chambers