BRP Group - BRP Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BRP shares.
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7 brokerages have issued 12-month price objectives for BRP Group's shares. Their BRP share price forecasts range from $26.00 to $152.00. On average, they predict the company's stock price to reach $46.63 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price.
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BRP Group's stock was trading at $36.11 at the beginning of the year. Since then, BRP shares have decreased by 9.0% and is now trading at $32.86.
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BRP Group saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,930,000 shares, a decrease of 10.4% from the July 15th total of 3,270,000 shares. Based on an average trading volume of 574,700 shares, the short-interest ratio is presently 5.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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BRP Group, Inc. (NASDAQ:BRP) released its earnings results on Tuesday, August, 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. BRP Group had a positive trailing twelve-month return on equity of 6.49% and a negative net margin of 0.52%.

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 number of institutional and retail investors. Top institutional investors include FMR LLC (4.60%), Aristotle Capital Boston LLC (1.32%), Emerald Advisers LLC (0.99%), Loomis Sayles & Co. L P (0.95%), State Street Corp (0.91%) and Point72 Asset Management L.P. (0.66%). Insiders that own company stock include Jay A Cohen, John A Valentine, Joseph D Finney, Kristopher Aaron Wiebeck, Loper Enterprises, Llc, Lowry Baldwin, Robert D Eddy, 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 $32.86.

BRP Group (NASDAQ:BRP) has a market capitalization of $3.79 billion and generates $567.29 million in revenue each year. The company earns $-30,650,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

The company employs 2,803 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.