BidaskClub Downgrades Verisk Analytics (VRSK) to Buy
Verisk Analytics (NASDAQ:VRSK) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.
VRSK has been the topic of a number of other research reports. Cantor Fitzgerald restated a “buy” rating and set a $108.00 price target on shares of Verisk Analytics in a report on Friday, December 8th. Robert W. Baird restated a “buy” rating on shares of Verisk Analytics in a report on Wednesday, November 1st. Morgan Stanley boosted their price target on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.54.
Shares of Verisk Analytics (VRSK) opened at $96.88 on Thursday. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $98.60. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $15,736.31, a P/E ratio of 35.62, a PEG ratio of 3.12 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. analysts forecast that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $96.38, for a total value of $289,140.00. Following the completion of the sale, the director now directly owns 96,525 shares of the company’s stock, valued at $9,303,079.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David J. Grover sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total transaction of $647,150.00. Following the completion of the sale, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,204,438.60. The disclosure for this sale can be found here. Insiders have sold 327,172 shares of company stock worth $28,591,387 over the last ninety days. 3.41% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of VRSK. Janus Henderson Group PLC grew its position in Verisk Analytics by 1,487.4% in the second quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after acquiring an additional 5,156,187 shares in the last quarter. Harding Loevner LP grew its position in Verisk Analytics by 95.4% in the third quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock worth $243,146,000 after acquiring an additional 2,855,204 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Verisk Analytics by 154.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock worth $134,247,000 after acquiring an additional 979,475 shares in the last quarter. Vanguard Group Inc. grew its position in Verisk Analytics by 5.0% in the second quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after acquiring an additional 734,200 shares in the last quarter. Finally, Farallon Capital Management LLC bought a new stake in Verisk Analytics in the second quarter worth approximately $40,736,000. 92.84% of the stock is owned by institutional investors.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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