In yesterday’s Wall Street session, The Descartes Systems Group Inc. (NASDAQ:DSGX) shares traded at $71.27, down -1.53% from the previous session.
13 analysts cover The Descartes Systems Group Inc. (NASDAQ:DSGX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $60.00, we find $78.00. Given the previous closing price of $72.38, this indicates a potential upside of 7.76 percent. DSGX stock price is now 6.24% away from the 50-day moving average and 6.28% away from the 200-day moving average. The market capitalization of the company currently stands at $5.97B.
The stock has received a hold rating from 4 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $77.09 as their price target over the next twelve months.
With the price target reduced from $72 to $60, Barclays Downgraded its rating from Equal Weight to Underweight for The Descartes Systems Group Inc. (NASDAQ: DSGX). On June 27, 2022, CIBC Downgraded its previous ‘Sector Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $89 to quote $71, while ‘Stephens’ rates the stock as ‘Overweight’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DSGX stock. A new stake in The Descartes Systems Group Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $228,977,000. APERTURE INVESTORS, LLC invested $20,080,000 in shares of DSGX during the first quarter. In the first quarter, JEFFERIES GROUP LLC acquired a new stake in The Descartes Systems Group Inc. valued at approximately $4,633,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in DSGX for approximately $1,882,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in DSGX valued at around $1,101,000 in the second quarter. In total, there are 350 active investors with 69.20% ownership of the company’s stock.
On Monday morning The Descartes Systems Group Inc. (NASDAQ: DSGX) stock kicked off with the opening price of $72.20. During the past 12 months, The Descartes Systems Group Inc. has had a low of $56.19 and a high of $91.39. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for DSGX is $67.09 and a two-hundred day moving average price translates $67.06 for the stock.
The latest earnings results from The Descartes Systems Group Inc. (NASDAQ: DSGX) was released for Jul, 2022. According to the Software – Application Company, earnings per share came in at $0.27, beating analysts’ expectations of $0.25 by 0.02. This compares to $0.27 EPS in the same period last year. The net profit margin was 19.70% and return on equity was 9.00% for DSGX. The company reported revenue of $123.01 million for the quarter, compared to $104.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.64 percent. For the current quarter, analysts expect DSGX to generate $108.46M in revenue.
The Descartes Systems Group Inc.(DSGX) Company Profile
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.