Verisk Analytics (NASDAQ:VRSK) Price Target Lowered to $262.00 at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for Verisk Analytics from $292.00 to $262.00, indicating a potential upside of 7.62% based on the current trading price.
• The company reported a quarterly earnings result of $1.88 EPS, beating analysts' estimates and showing a revenue increase of 7.8% year-over-year.
• Currently, 90% of Verisk Analytics' stock is owned by institutional investors, reflecting strong confidence in the company’s market position.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) had its target price lowered by stock analysts at Evercore ISI from $292.00 to $262.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "in-line" rating on the business services provider's stock. Evercore ISI's price objective suggests a potential upside of 7.62% from the company's previous close.

A number of other equities analysts have also recently issued reports on VRSK. Raymond James Financial set a $315.00 target price on Verisk Analytics and gave the stock an "outperform" rating in a report on Monday, August 4th. Wolfe Research assumed coverage on Verisk Analytics in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $320.00 price objective for the company. UBS Group reduced their price objective on Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Seaport Res Ptn raised Verisk Analytics to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company reduced their price target on Verisk Analytics from $340.00 to $334.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Verisk Analytics currently has an average rating of "Moderate Buy" and a consensus target price of $306.55.

Verisk Analytics Trading Up 0.6%

NASDAQ:VRSK traded up $1.38 on Tuesday, hitting $243.46. 46,775 shares of the stock were exchanged, compared to its average volume of 948,027. The stock has a market cap of $34.01 billion, a PE ratio of 37.62, a PEG ratio of 3.44 and a beta of 0.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 10.34. The stock has a fifty day moving average of $258.45 and a 200-day moving average of $286.16. Verisk Analytics has a fifty-two week low of $239.78 and a fifty-two week high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. Verisk Analytics had a return on equity of 460.89% and a net margin of 30.67%.The firm had revenue of $772.60 million during the quarter, compared to the consensus estimate of $767.91 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. Verisk Analytics's revenue for the quarter was up 7.8% on a year-over-year basis. Verisk Analytics has set its FY 2025 guidance at 6.800-7.000 EPS. As a group, equities analysts expect that Verisk Analytics will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, Director Christopher John Perry bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $259.80 per share, for a total transaction of $259,800.00. Following the transaction, the director directly owned 1,773 shares in the company, valued at $460,625.40. This trade represents a 129.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daffan sold 5,420 shares of Verisk Analytics stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $265.00, for a total transaction of $1,436,300.00. Following the completion of the transaction, the insider owned 54,337 shares in the company, valued at approximately $14,399,305. The trade was a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,220 shares of company stock worth $2,182,727 in the last 90 days. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Verisk Analytics

Several hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. raised its holdings in Verisk Analytics by 1.1% in the first quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock worth $945,000 after buying an additional 35 shares during the last quarter. UMB Bank n.a. grew its position in Verisk Analytics by 0.4% during the second quarter. UMB Bank n.a. now owns 9,017 shares of the business services provider's stock valued at $2,809,000 after buying an additional 35 shares during the period. NBT Bank N A NY grew its position in Verisk Analytics by 11.4% during the second quarter. NBT Bank N A NY now owns 341 shares of the business services provider's stock valued at $106,000 after buying an additional 35 shares during the period. Tranquility Partners LLC grew its position in Verisk Analytics by 1.1% during the second quarter. Tranquility Partners LLC now owns 3,231 shares of the business services provider's stock valued at $1,006,000 after buying an additional 35 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of Verisk Analytics by 10.2% in the first quarter. Private Trust Co. NA now owns 389 shares of the business services provider's stock worth $116,000 after purchasing an additional 36 shares during the period. Institutional investors own 90.00% of the company's stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.

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