BRP Group (BRP) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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5 brokerages have issued 12-month price objectives for BRP Group's stock. Their BRP share price forecasts range from $28.00 to $33.00. On average, they expect the company's stock price to reach $30.20 in the next twelve months. This suggests a possible upside of 22.4% 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 1.9% and is now trading at $24.67.
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BRP Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,820,000 shares, an increase of 6.4% from the August 15th total of 2,650,000 shares. Based on an average daily volume of 384,200 shares, the days-to-cover ratio is currently 7.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our BRP earnings forecast.

BRP Group, Inc. (NASDAQ:BRP) released its quarterly earnings data on Wednesday, August, 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.13. The company earned $297.19 million during the quarter, compared to the consensus estimate of $286.50 million. BRP Group had a negative net margin of 9.82% and a positive trailing twelve-month return on equity of 5.44%.

ETFs with the largest weight of BRP Group (NASDAQ:BRP) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF).

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 (IPO) 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.61%), Champlain Investment Partners LLC (2.84%), Westwood Holdings Group Inc. (1.71%), Aristotle Capital Boston LLC (1.24%), Geode Capital Management LLC (1.07%) and State Street Corp (1.06%). Insiders that own company stock include Daniel Galbraith, Jay A Cohen, John A Valentine, Kristopher Aaron Wiebeck, Laura Sherman, 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 $24.67.

BRP Group (NASDAQ:BRP) has a market capitalization of $2.88 billion and generates $980.72 million in revenue each year. The company earns $-41,770,000.00 in net income (profit) each year or ($1.91) 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.