Palomar (PLMR) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLMR shares.
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8 Wall Street analysts have issued 12-month target prices for Palomar's shares. Their PLMR share price forecasts range from $57.00 to $105.00. On average, they expect the company's stock price to reach $68.86 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
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Palomar's stock was trading at $45.16 at the start of the year. Since then, PLMR shares have increased by 17.8% and is now trading at $53.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Palomar Holdings, Inc. (NASDAQ:PLMR) issued its earnings results on Wednesday, May, 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $83.94 million for the quarter, compared to analyst estimates of $88.35 million. Palomar had a trailing twelve-month return on equity of 17.61% and a net margin of 16.25%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS.

ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include SPDR S&P Insurance ETF (KIE), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), ERShares NextGen Entrepreneurs ETF (ERSX), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth Index Fund (VIOG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC), Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU).

(PLMR) raised $63 million in an IPO on Wednesday, April 17th 2019. The company issued 5,600,000 shares at a price of $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) acted as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers.

Palomar trades on the NASDAQ under the ticker symbol "PLMR."

Palomar's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.30%), Nordea Investment Management AB (4.87%), Villere ST Denis J & Co. LLC (4.20%), Sumitomo Mitsui Trust Holdings Inc. (4.16%), Champlain Investment Partners LLC (3.98%) and State Street Corp (3.55%). Insiders that own company stock include Andrew T Robinson, Britt Morries, Heath A Fisher, Jon Christianson, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard H Taketa, Richard Rosso, Robert E Dowdell, Robert E Dowdell, T Christopher Uchida and William Bold.
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Shares of PLMR 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 PLMR stock can currently be purchased for approximately $53.21.

Palomar (NASDAQ:PLMR) has a market capitalization of $1.32 billion and generates $327.09 million in revenue each year. The company earns $52.17 million in net income (profit) each year or $2.15 on an earnings per share basis.

The company employs 151 workers across the globe.

Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The official website for the company is www.palomarspecialty.com. The company can be reached via phone at (619) 567-5290, via email at investors@palomarspecialty.com, or via fax at 619-567-6954.