Verisk Analytics, Inc. (VRSK) Stock Rating Lowered by Zacks Investment Research
Verisk Analytics, Inc. (NASDAQ:VRSK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “With modest revenue coming from the U.K., Verisk is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. Verisk is susceptible to operational risks related to security breaches in its facilities and databases. Data theft and misuse by third-party contractors could also lead to loss of businesses and jeopardize the fundamental existence of the company. In addition, it is prone to high volatility of continued end-market headwinds affecting its energy business and environmental health and safety solutions. Verisk has also underperformed the industry year to date. However, a holistic growth model focused on organic growth and strategic acquisitions augurs well to strengthen its leading position in the market.”
Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, BMO Capital Markets raised their target price on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.38.
Verisk Analytics (NASDAQ VRSK) traded up 0.38% during trading on Tuesday, reaching $83.84. The company had a trading volume of 88,596 shares. The stock has a 50 day moving average of $81.44 and a 200-day moving average of $81.79. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $88.17. The stock has a market capitalization of $13.80 billion, a P/E ratio of 30.48 and a beta of 0.70.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, analysts forecast that Verisk Analytics will post $3.14 earnings per share for the current fiscal year.
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In related news, Director Christopher M. Foskett sold 1,304 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the transaction, the director now directly owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the transaction, the director now directly owns 13,951 shares in the company, valued at $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold 17,304 shares of company stock valued at $1,410,728 over the last quarter. Insiders own 3.41% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Investment Consultants LLC grew its stake in Verisk Analytics by 45.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 418 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 380 shares during the period. Huntington National Bank increased its holdings in shares of Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 354 shares during the period. Advisory Services Network LLC increased its holdings in shares of Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Verisk Analytics by 61.2% in the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after purchasing an additional 669 shares during the last quarter. 93.27% of the stock is owned by institutional investors.
About Verisk Analytics
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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