Insider Selling: Verisk Analytics Director Sells 100,000 Shares of Stock (VRSK)
Verisk Analytics (NASDAQ:VRSK) Director Frank Coyne sold 100,000 shares of the stock on the open market in a transaction dated Friday, September 20th. The stock was sold at an average price of $65.93, for a total transaction of $6,593,000.00. Following the transaction, the director now directly owns 101,891 shares in the company, valued at approximately $6,717,674. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on VRSK shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Verisk Analytics (NASDAQ:VRSK) in a research note to investors on Friday. They set a “neutral” rating and a $66.39 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Verisk Analytics (NASDAQ:VRSK) from $71.00 to $74.00 in a research note to investors on Thursday, August 1st. Finally, analysts at BMO Capital Markets raised their price target on shares of Verisk Analytics (NASDAQ:VRSK) from $68.00 to $70.00 in a research note to investors on Thursday, August 1st.
Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Verisk Analytics presently has a consensus rating of “Buy” and an average target price of $65.95.
Verisk Analytics (NASDAQ:VRSK) traded down 0.89% during mid-day trading on Friday, hitting $65.80. The stock had a trading volume of 929,372 shares. Verisk Analytics has a 52-week low of $45.04 and a 52-week high of $66.77. The stock has a 50-day moving average of $63.46 and a 200-day moving average of $61.07. The company has a market cap of $11.049 billion and a P/E ratio of 33.03.
Verisk Analytics (NASDAQ:VRSK) last released its earnings data on Tuesday, July 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $421.32 million for the quarter, compared to the consensus estimate of $418.95 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Verisk Analytics will post $2.30 EPS for the current fiscal year.
Verisk Analytics, Inc (NASDAQ:VRSK) is a provider of information about risk to professionals in insurance, healthcare, mortgage, government, supply chain, and risk management.
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