Verisk Analytics (NASDAQ:VRSK) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, January 7th, Marketbeat.com reports. The firm presently has a $176.00 price objective on the business services provider’s stock, up from their prior price objective of $162.00. Morgan Stanley’s price target points to a potential upside of 10.17% from the company’s current price.
Other research analysts also recently issued research reports about the stock. William Blair reiterated an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, October 31st. Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating and set a $162.00 price objective for the company. in a report on Monday, January 6th. Keefe, Bruyette & Woods began coverage on shares of Verisk Analytics in a report on Monday, September 23rd. They set a “market perform” rating and a $166.00 price objective for the company. Jefferies Financial Group began coverage on shares of Verisk Analytics in a report on Wednesday, November 27th. They set a “buy” rating and a $174.00 price objective for the company. Finally, ValuEngine lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $156.40.
Verisk Analytics stock traded up $0.46 during trading hours on Tuesday, reaching $159.76. 6,495 shares of the company’s stock were exchanged, compared to its average volume of 692,895. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40. The firm’s 50 day simple moving average is $150.19 and its 200 day simple moving average is $151.95. Verisk Analytics has a twelve month low of $112.06 and a twelve month high of $164.97. The firm has a market capitalization of $26.17 billion, a PE ratio of 38.89, a PEG ratio of 3.08 and a beta of 0.69.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The business had revenue of $652.70 million during the quarter, compared to analysts’ expectations of $650.34 million. Verisk Analytics had a net margin of 18.23% and a return on equity of 33.57%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Analysts anticipate that Verisk Analytics will post 4.37 EPS for the current year.
In other news, COO Mark V. Anquillare sold 26,250 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.25, for a total value of $3,970,312.50. Following the sale, the chief operating officer now directly owns 87,776 shares in the company, valued at $13,276,120. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $145.62, for a total value of $873,720.00. Following the completion of the sale, the chief accounting officer now owns 12,931 shares in the company, valued at $1,883,012.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,097 shares of company stock valued at $17,249,116. 2.71% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc RI grew its position in shares of Verisk Analytics by 99.1% in the third quarter. Citizens Financial Group Inc RI now owns 233 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Allred Capital Management LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $38,000. Usca Ria LLC purchased a new stake in shares of Verisk Analytics during the third quarter valued at approximately $41,000. Point72 Asset Management L.P. purchased a new stake in shares of Verisk Analytics during the second quarter valued at approximately $44,000. Finally, Commonwealth Bank of Australia grew its holdings in shares of Verisk Analytics by 44.6% during the second quarter. Commonwealth Bank of Australia now owns 337 shares of the business services provider’s stock valued at $47,000 after buying an additional 104 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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