Verisk Analytics (NASDAQ:VRSK) had its price objective reduced by Morgan Stanley from $216.00 to $201.00 in a research note issued on Monday, Analyst Price Targets reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 13.18% from the company’s current price.
Several other equities research analysts have also recently issued reports on VRSK. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Thursday, February 4th. Truist raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and raised their price target for the stock from $200.00 to $225.00 in a research note on Tuesday, December 1st. Deutsche Bank Aktiengesellschaft raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and raised their price target for the stock from $192.00 to $196.00 in a research note on Monday, March 15th. Barclays raised their price target on shares of Verisk Analytics from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, December 17th. Finally, Raymond James raised shares of Verisk Analytics from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Monday, March 15th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Verisk Analytics presently has a consensus rating of “Buy” and an average target price of $191.69.
Shares of VRSK stock opened at $177.59 on Monday. The stock has a fifty day moving average price of $178.38 and a 200 day moving average price of $188.90. The stock has a market cap of $28.91 billion, a PE ratio of 56.92, a P/E/G ratio of 3.69 and a beta of 0.67. Verisk Analytics has a 1 year low of $125.37 and a 1 year high of $210.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.59 and a current ratio of 0.59.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Monday, February 22nd. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $713.30 million for the quarter, compared to analyst estimates of $717.04 million. Verisk Analytics had a net margin of 19.12% and a return on equity of 36.42%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. As a group, equities research analysts predict that Verisk Analytics will post 4.9 earnings per share for the current year.
In related news, Director Christopher M. Foskett sold 499 shares of the firm’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $175.00, for a total value of $87,325.00. Following the transaction, the director now owns 16,497 shares in the company, valued at $2,886,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Wright sold 2,550 shares of the firm’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $166.34, for a total transaction of $424,167.00. Insiders sold 4,304 shares of company stock worth $732,686 in the last 90 days. 2.55% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Graves Light Private Wealth Management Inc. purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $26,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $29,000. Valeo Financial Advisors LLC raised its stake in shares of Verisk Analytics by 56.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 156 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 56 shares during the period. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $34,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $34,000. Institutional investors own 88.17% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.
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