Could Sapiens International Corporation N.V. (SPNS) Change Direction After Achieving Yearly Low?

March 22, 2018 - By Darrin Black

The stock of Sapiens International Corporation N.V. (NASDAQ:SPNS) hit a new 52-week low and has $8.62 target or 7.00 % below today’s $9.27 share price. The 5 months bearish chart indicates high risk for the $461.26M company. The 1-year low was reported on Mar, 22 by If the $8.62 price target is reached, the company will be worth $32.29M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 4.51% or $0.4 during the last trading session, reaching $9.27. About 33,415 shares traded. Sapiens International Corporation N.V. (NASDAQ:SPNS) has risen 15.78% since March 22, 2017 and is uptrending. It has underperformed by 0.92% the S&P500.

Analysts await Sapiens International Corporation N.V. (NASDAQ:SPNS) to report earnings on May, 21. They expect $0.09 earnings per share, up 800.00 % or $0.08 from last year’s $0.01 per share. SPNS’s profit will be $4.48M for 25.75 P/E if the $0.09 EPS becomes a reality. After $0.11 actual earnings per share reported by Sapiens International Corporation N.V. for the previous quarter, Wall Street now forecasts -18.18 % negative EPS growth.

Sapiens International Corporation N.V. (NASDAQ:SPNS) Ratings Coverage

Among 6 analysts covering Sapiens Int’l (NASDAQ:SPNS), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Sapiens Int’l had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Thursday, October 12. The rating was downgraded by Barclays Capital on Friday, February 16 to “Hold”. The stock of Sapiens International Corporation N.V. (NASDAQ:SPNS) earned “Buy” rating by Cowen & Co on Wednesday, October 18. The firm has “Buy” rating by Needham given on Monday, February 12. The rating was maintained by Roth Capital with “Sell” on Tuesday, August 8. Needham maintained the stock with “Buy” rating in Friday, August 7 report. Roth Capital downgraded Sapiens International Corporation N.V. (NASDAQ:SPNS) rating on Wednesday, May 11. Roth Capital has “Sell” rating and $11 target. The firm has “Neutral” rating by TH Capital given on Thursday, November 5. The company was downgraded on Thursday, November 5 by Roth Capital.

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the United Kingdom, other European countries, Israel, and the Asia Pacific. The company has market cap of $461.26 million. It offers various solutions for life, pension, and annuity providers, including Sapiens ALIS, Sapiens Closed Books, Life Portraits, LifeApply, and LifeSuite. It has a 1324.29 P/E ratio. The firm also provides Sapiens IDIT, Stream, Sapiens Stingray, Sapiens Reinsurance, URS, and FRS that support various business lines for property and casualty carriers, including personal, commercial, and specialty lines, as well as a solution for the management of reinsurance contracts.

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