Accelerant (NYSE:ARX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical move: ARX briefly crossed above its 200‑day moving average of $13.40, trading as high as $13.65 (last at $13.09) on heavy volume (~871,716 shares).
• Analyst view: The consensus rating is a Moderate Buy with a $18.17 average price target, based on 10 Buys, 2 Holds and 1 Sell despite several recent downward target revisions.
• Fundamentals and insider activity: The company beat quarterly EPS expectations ($0.23 vs. $0.22) and revenue rose 30.3% YoY to $248.4M, but it reported a negative net margin (‑148.33%) and the CFO sold 50,000 shares; insiders still own 66.59%.

Accelerant Holdings (NYSE:ARX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.40 and traded as high as $13.65. Accelerant shares last traded at $13.0920, with a volume of 871,716 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on ARX shares. Raymond James Financial reiterated an "outperform" rating and set a $13.00 price objective on shares of Accelerant in a research note on Tuesday, February 17th. The Goldman Sachs Group restated a "buy" rating and set a $20.00 price target on shares of Accelerant in a research note on Wednesday, January 7th. Citizens Jmp cut their price target on shares of Accelerant from $20.00 to $17.00 and set a "market outperform" rating on the stock in a research note on Monday, April 13th. Morgan Stanley cut their price target on shares of Accelerant from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. Finally, TD Cowen cut their price target on shares of Accelerant from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, March 26th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Accelerant currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.17.

Accelerant Price Performance

The firm's fifty day moving average price is $12.43 and its 200 day moving average price is $13.40. The firm has a market capitalization of $2.91 billion and a PE ratio of -1.89. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17.

Accelerant (NYSE:ARX - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Accelerant had a negative net margin of 148.33% and a positive return on equity of 67.99%. The company had revenue of $248.40 million for the quarter. The business's revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Accelerant Holdings will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other Accelerant news, CFO Jay Michael Green sold 50,000 shares of Accelerant 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 of the company's stock, valued at approximately $15,012,271.53. The trade was a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 66.59% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARX. Pembroke Management LTD acquired a new position in shares of Accelerant during the 3rd quarter worth approximately $1,396,000. Teacher Retirement System of Texas purchased a new position in Accelerant during the third quarter valued at $2,606,000. Allianz Asset Management GmbH purchased a new stake in shares of Accelerant during the third quarter worth about $1,063,000. Envestnet Asset Management Inc. purchased a new stake in shares of Accelerant during the third quarter worth about $165,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Accelerant during the third quarter worth about $42,000.

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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