Verisk Analytics Inc. (NASDAQ:VRSK) Receives Average Recommendation of “Buy” from Analysts
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $82.67.
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald set a $87.00 price objective on Verisk Analytics and gave the company a “buy” rating in a report on Wednesday, August 3rd. Macquarie assumed coverage on Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price objective for the company. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th.
In other news, SVP Vincent De P. Mccarthy sold 2,400 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $80.64, for a total value of $193,536.00. Following the completion of the sale, the senior vice president now directly owns 34,349 shares in the company, valued at $2,769,903.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Mark V. Anquillare sold 20,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $84.60, for a total transaction of $1,692,000.00. Following the completion of the sale, the chief operating officer now owns 74,090 shares of the company’s stock, valued at $6,268,014. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
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Large investors have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC acquired a new stake in Verisk Analytics during the second quarter worth $100,000. Van ECK Associates Corp acquired a new stake in Verisk Analytics during the second quarter worth $111,000. Checchi Capital Advisers LLC increased its stake in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock worth $130,000 after buying an additional 30 shares during the last quarter. Creative Planning increased its stake in Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in Verisk Analytics by 103.2% in the second quarter. Global X Management Co. LLC now owns 2,034 shares of the company’s stock worth $165,000 after buying an additional 1,033 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.
Shares of Verisk Analytics (NASDAQ:VRSK) traded down 0.10% during trading on Tuesday, reaching $80.64. The company had a trading volume of 290,852 shares. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 23.13 and a beta of 0.50. The firm has a 50 day moving average price of $82.22 and a 200 day moving average price of $80.09. Verisk Analytics has a 12 month low of $64.79 and a 12 month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. The firm had revenue of $498.30 million for the quarter, compared to the consensus estimate of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. Verisk Analytics’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. Analysts predict that Verisk Analytics will post $3.01 earnings per share for the current year.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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