BRP Group (BRP) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRP, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1-year price targets for BRP Group's shares. Their BRP share price forecasts range from $28.00 to $33.00. On average, they expect the company's stock price to reach $30.60 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
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BRP Group's stock was trading at $25.14 at the beginning of 2023. Since then, BRP shares have decreased by 10.8% and is now trading at $22.43.
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BRP Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,250,000 shares, a decrease of 7.0% from the April 30th total of 2,420,000 shares. Based on an average daily trading volume, of 363,300 shares, the days-to-cover ratio is currently 6.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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BRP Group, Inc. (NASDAQ:BRP) released its earnings results on Tuesday, May, 9th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm earned $330.45 million during the quarter, compared to the consensus estimate of $312.19 million. BRP Group had a positive trailing twelve-month return on equity of 5.09% and a negative net margin of 7.37%.

ETFs with the largest weight of BRP Group (NASDAQ:BRP) stock in their portfolio include First Trust Small Cap Growth AlphaDEX Fund (FYC),

19 employees have rated BRP Group Chief Executive Officer Trevor Baldwin on Glassdoor.com. Trevor Baldwin has an approval rating of 100% among the company's employees. This puts Trevor Baldwin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 91.0% of employees surveyed would recommend working at BRP Group to a friend.

(BRP) raised $246 million in an initial public offering on Thursday, October 24th 2019. The company issued 16,400,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and BofA Merrill Lynch acted as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Raymond James and Keefe Bruyette & Woods (A Stifel Company) were co-managers.

BRP Group trades on the NASDAQ under the ticker symbol "BRP."

BRP Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (4.50%), BlackRock Inc. (3.41%), Champlain Investment Partners LLC (2.99%), Aristotle Capital Boston LLC (1.22%), State Street Corp (1.06%) and Venator Management LLC (1.05%). Insiders that own company stock include Jay A Cohen, John A Valentine, Kristopher Aaron Wiebeck, Lowry Baldwin, Seth Bala Cohen and Trevor Baldwin.
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Shares of BRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRP stock can currently be purchased for approximately $22.43.

BRP Group (NASDAQ:BRP) has a market capitalization of $2.62 billion and generates $980.72 million in revenue each year. The company earns $-41,770,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.

The company employs 3,888 workers across the globe.

BRP Group's mailing address is 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL, 33607. The official website for the company is www.baldwinriskpartners.com. The company can be reached via phone at 866-279-0698 or via email at ir@baldwinriskpartners.com.