StockNews.com Lowers Verisk Analytics (NASDAQ:VRSK) to Hold

Verisk Analytics (NASDAQ:VRSKGet Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research firms also recently weighed in on VRSK. Royal Bank of Canada reduced their target price on shares of Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, June 29th. UBS Group boosted their price objective on shares of Verisk Analytics from $197.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, April 19th. Barclays reduced their price objective on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. BMO Capital Markets reduced their price objective on shares of Verisk Analytics from $225.00 to $205.00 and set a “hold” rating for the company in a research note on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Verisk Analytics from $255.00 to $226.00 in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Verisk Analytics has a consensus rating of “Moderate Buy” and a consensus price target of $216.80.

Verisk Analytics Price Performance

VRSK opened at $184.53 on Thursday. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 3.14 and a beta of 0.84. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $173.03 and a 200-day moving average price of $189.29. Verisk Analytics has a twelve month low of $156.05 and a twelve month high of $231.57.

Verisk Analytics (NASDAQ:VRSKGet Rating) last posted its earnings results on Tuesday, May 3rd. The business services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.05). The business had revenue of $775.50 million during the quarter, compared to analysts’ expectations of $773.79 million. Verisk Analytics had a return on equity of 32.10% and a net margin of 32.92%. Verisk Analytics’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Equities analysts expect that Verisk Analytics will post 5.7 EPS for the current year.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Lee Shavel sold 483 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $203.64, for a total value of $98,358.12. Following the completion of the sale, the chief financial officer now directly owns 39,644 shares in the company, valued at approximately $8,073,104.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Scott G. Stephenson sold 167,187 shares of Verisk Analytics stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $173.54, for a total value of $29,013,631.98. Following the transaction, the chief executive officer now directly owns 712,256 shares of the company’s stock, valued at $123,604,906.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lee Shavel sold 483 shares of Verisk Analytics stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $203.64, for a total transaction of $98,358.12. Following the completion of the transaction, the chief financial officer now directly owns 39,644 shares in the company, valued at $8,073,104.16. The disclosure for this sale can be found here. Insiders sold a total of 182,028 shares of company stock worth $31,572,586 over the last three months. 1.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Valley National Advisers Inc. increased its position in Verisk Analytics by 132.8% during the 1st quarter. Valley National Advisers Inc. now owns 156 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 89 shares during the period. Equitec Proprietary Markets LLC purchased a new position in Verisk Analytics during the 4th quarter valued at $34,000. Riverview Trust Co purchased a new position in Verisk Analytics during the 1st quarter valued at $36,000. Kathleen S. Wright Associates Inc. purchased a new position in Verisk Analytics during the 4th quarter valued at $46,000. Finally, Confluence Wealth Services Inc. purchased a new position in Verisk Analytics during the 4th quarter valued at $60,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

About Verisk Analytics

(Get Rating)

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. 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, economic forecasting, commercial banking and finance, and various other fields.

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