Verisk Analytics (NASDAQ:VRSK) was upgraded by stock analysts at BidaskClub from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Tuesday, BidAskClub reports.
VRSK has been the topic of several other research reports. Bank of America cut their price target on Verisk Analytics from $176.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 20th. Zacks Investment Research lowered Verisk Analytics from a "buy" rating to a "hold" rating and set a $169.00 price target on the stock. in a research note on Monday, April 20th. BMO Capital Markets cut their price target on Verisk Analytics from $165.00 to $156.00 and set a "market perform" rating on the stock in a research note on Thursday, May 7th. Barclays cut their price target on Verisk Analytics from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley dropped their price objective on Verisk Analytics from $181.00 to $178.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Verisk Analytics presently has a consensus rating of "Hold" and an average target price of $166.07.
VRSK stock opened at $164.34 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The business's fifty day simple moving average is $163.30 and its two-hundred day simple moving average is $156.28. Verisk Analytics has a twelve month low of $116.61 and a twelve month high of $173.77. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 3.38 and a beta of 0.71.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.04. Verisk Analytics had a return on equity of 34.93% and a net margin of 18.23%. The business had revenue of $689.80 million for the quarter, compared to analyst estimates of $677.79 million. During the same quarter last year, the firm posted $1.03 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Verisk Analytics will post 4.74 EPS for the current year.
In other news, Director Samuel G. Liss sold 16,851 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $163.34, for a total value of $2,752,442.34. Following the completion of the sale, the director now directly owns 54,889 shares in the company, valued at $8,965,569.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David J. Grover sold 4,500 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $170.90, for a total value of $769,050.00. Following the completion of the sale, the chief accounting officer now owns 12,264 shares of the company's stock, valued at $2,095,917.60. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FDx Advisors Inc. raised its holdings in shares of Verisk Analytics by 233.9% in the 1st quarter. FDx Advisors Inc. now owns 20,256 shares of the business services provider's stock valued at $35,000 after buying an additional 14,189 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of Verisk Analytics in the 4th quarter valued at $36,000. Truvestments Capital LLC purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at $42,000. Key Financial Inc purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at $44,000. Finally, Citizens Financial Group Inc RI raised its holdings in shares of Verisk Analytics by 36.9% in the 1st quarter. Citizens Financial Group Inc RI now owns 319 shares of the business services provider's stock valued at $44,000 after buying an additional 86 shares during the period. 88.86% of the stock is currently owned by institutional investors.
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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