Verint Systems (VRNT) Gets a Buy from Needham

In a report released today, Ryan MacDonald from Needham reiterated a Buy rating on Verint Systems (VRNTResearch Report), with a price target of $61.00. The company’s shares closed yesterday at $33.83.

MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Verint Systems, and HubSpot. According to TipRanks, MacDonald has an average return of 10.9% and a 47.89% success rate on recommended stocks.

Verint Systems has an analyst consensus of Strong Buy, with a price target consensus of $61.33.

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The company has a one-year high of $56.39 and a one-year low of $31.63. Currently, Verint Systems has an average volume of 429.5K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRNT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Verint Systems, Inc. engages in providing actionable intelligence. It operates through the following segments: Enterprise Intelligence Solutions, Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions. The Enterprise Intelligence segment includes solutions for customer analytics, engagement management, and workforce optimization. The Cyber Intelligence Solutions segment addresses the security intelligence market. The Video and Situation Intelligence Solutions segment handles the fraud, risk, and compliance market. The company was founded in February 1994 and is headquartered in Melville, NY.

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