What Will Happen to ARI Network Services, Inc. (ARIS) Next? The Stock Just Reaches 52-Week High

June 20, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1 in Q4 2016. Its down 1.00, from 2 in 2016Q3. It worsened, as 1 investors sold ARI Network Services, Inc. shares while 9 reduced holdings. 8 funds opened positions while 2 raised stakes. 5.52 million shares or 1.16% less from 5.59 million shares in 2016Q3 were reported.
Goldman Sachs Group Inc holds 0% or 12,652 shares. Acadian Asset Management Limited Company invested 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS). Moreover, Hancock Hldgs has 0.01% invested in ARI Network Services, Inc. (NASDAQ:ARIS) for 28,731 shares. Walleye Trading Ltd Liability has 0% invested in ARI Network Services, Inc. (NASDAQ:ARIS) for 313 shares. Vanguard reported 557,786 shares. Renaissance Tech Ltd Com accumulated 163,100 shares. First Wilshire Mngmt stated it has 385,169 shares. Eagle owns 0.01% invested in ARI Network Services, Inc. (NASDAQ:ARIS) for 59,430 shares. Perritt Cap Mngmt reported 128,800 shares or 0.17% of all its holdings. Wellington Management Grp Inc Limited Liability Partnership invested 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS). Magee Thomson Investment Prns Ltd Company accumulated 160 shares. Deutsche Bancorp Ag, Germany-based fund reported 40,609 shares. Jpmorgan Chase & Co invested 0% in ARI Network Services, Inc. (NASDAQ:ARIS). Panagora Asset Mngmt Inc holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 21,542 shares. Blackrock Inv Mngmt Limited Company has invested 0% in ARI Network Services, Inc. (NASDAQ:ARIS).

The stock of ARI Network Services, Inc. (NASDAQ:ARIS) hit a new 52-week high and has $7.22 target or 7.00 % above today’s $6.75 share price. The 9 months bullish chart indicates low risk for the $118.02 million company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $7.22 price target is reached, the company will be worth $8.26M 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 40,185 shares traded. ARI Network Services, Inc. (NASDAQ:ARIS) has risen 26.36% since June 20, 2016 and is uptrending. It has outperformed by 9.66% the S&P500.

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

Among 3 analysts covering ARI Network Services (NASDAQ:ARIS), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ARI Network Services has $6.0 highest and $5.25 lowest target. $5.75’s average target is -14.81% below currents $6.75 stock price. ARI Network Services had 4 analyst reports since September 14, 2015 according to SRatingsIntel. The rating was initiated by Barrington Research on Monday, January 25 with “Outperform”. The firm earned “Buy” rating on Monday, September 14 by Craig Hallum. The stock of ARI Network Services, Inc. (NASDAQ:ARIS) earned “Buy” rating by Ascendiant Capital on Friday, March 11.

More notable recent ARI Network Services, Inc. (NASDAQ:ARIS) news were published by: Prnewswire.com which released: “ARI Network Services Schedules Third Quarter Fiscal 2017 Earnings Release and …” on May 31, 2017, also Prnewswire.com with their article: “ARI Network Services to Present at the 18th Annual B. Riley & Co …” published on May 12, 2017, Biztimes.com published: “Mortimore to remain on ARI Network Services board” on January 05, 2017. More interesting news about ARI Network Services, Inc. (NASDAQ:ARIS) were released by: Quotes.Wsj.com and their article: “ARI Network Services Inc. ARIS (US: Nasdaq)” published on February 28, 2011 as well as Biztimes.com‘s news article titled: “ARI Network Services reports higher profit in Q4” with publication date: October 28, 2016.

ARI Network Services, Inc. provides Website, software and data solutions. The company has market cap of $118.02 million. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. It has a 48.87 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.

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