Accelerant Holdings (NYSE:ARX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: 13 firms give Accelerant a consensus recommendation of "Moderate Buy" (10 buys, 2 holds, 1 sell) with an average 12‑month target of $18.17.
• Recent results: Accelerant reported $0.23 EPS (beat $0.22) and $248.4M revenue (up 30.3% YoY), but the company remains unprofitable with a negative net margin (‑148.33%) and a negative P/E.
• Ownership moves: CFO Jay Michael Green sold 50,000 shares at $12.77, insiders still own 66.59% of the stock, and major institutions (e.g., Capital World, Vanguard, AllianceBernstein, Barings, Security Benefit) established sizable stakes.

Shares of Accelerant Holdings (NYSE:ARX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.1667.

A number of equities analysts recently commented on ARX shares. Morgan Stanley lowered their target price on shares of Accelerant from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday, April 6th. TD Cowen lowered their target price on shares of Accelerant from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, March 26th. The Goldman Sachs Group reiterated a "buy" rating and set a $20.00 target price on shares of Accelerant in a research note on Wednesday, January 7th. Citizens Jmp lowered their target price on shares of Accelerant from $20.00 to $17.00 and set a "market outperform" rating for the company in a research note on Monday, April 13th. Finally, Piper Sandler decreased their price objective on shares of Accelerant from $18.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, February 23rd.

Accelerant Stock Performance

Shares of ARX stock opened at $13.09 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $12.43 and a 200 day moving average price of $13.39. The company has a market cap of $2.91 billion and a P/E ratio of -1.89. Accelerant has a 12 month low of $9.18 and a 12 month high of $31.18.

Accelerant (NYSE:ARX - Get Free Report) last issued its earnings results on Wednesday, March 18th. The technology company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $248.40 million during the quarter. Accelerant had a negative net margin of 148.33% and a positive return on equity of 67.99%. The company's quarterly revenue was up 30.3% compared to the same quarter last year. Sell-side analysts predict that Accelerant will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Accelerant

In other Accelerant news, CFO Jay Michael Green sold 50,000 shares of the company's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $12.77, for a total value of $638,500.00. Following the completion of the transaction, the chief financial officer owned 1,175,589 shares in the company, valued at $15,012,271.53. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 66.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Security Benefit Life Insurance Co. KS acquired a new stake in shares of Accelerant in the third quarter valued at approximately $80,797,000. Capital World Investors acquired a new stake in shares of Accelerant in the third quarter valued at approximately $85,666,000. Barings LLC acquired a new stake in shares of Accelerant in the third quarter valued at approximately $46,370,000. Alliancebernstein L.P. acquired a new stake in shares of Accelerant in the third quarter valued at approximately $41,529,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Accelerant in the third quarter valued at approximately $33,482,000.

Accelerant Company Profile

Aeroflex Holding Corp. (Aeroflex Holding) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. The Company's solutions include microelectronic components and test and measurement equipment used by companies in the space, avionics and defense; commercial wireless communications, and medical and other markets. Its products include a range of RF, microwave and millimeter wave microelectronic components, integrated circuits (ICs), and analog and mixed-signal devices.

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