The price of Ebix Inc. (NASDAQ:EBIX) shares last traded on Wall Street fell -15.78% to $6.94.
Based on available information, 2 analysts follow Ebix Inc. (NASDAQ:EBIX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.50 and a low of $20.00, we find $22.25. Given the previous closing price of $8.24, this indicates a potential upside of 170.02 percent. EBIX stock price is now -59.31% away from the 50-day moving average and -62.47% away from the 200-day moving average. The market capitalization of the company currently stands at $214.45M.
Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $22.25 as their price target over the next twelve months.
With the price target of $108, Maxim Group recently initiated with Buy rating for Ebix Inc. (NASDAQ: EBIX).
Insiders disposed of 2,460 shares of company stock worth roughly $17072.4 over the past 1 year. A total of 21.53% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EBIX stock. A new stake in Ebix Inc. shares was purchased by VOSS CAPITAL, LLC during the first quarter worth $1,197,000. WALLEYE TRADING LLC invested $706,000 in shares of EBIX during the first quarter. In the first quarter, MILLRACE ASSET GROUP, INC. acquired a new stake in Ebix Inc. valued at approximately $671,000. EA SERIES TRUST acquired a new stake in EBIX for approximately $647,000. EMPOWERED FUNDS, LLC purchased a new stake in EBIX valued at around $647,000 in the second quarter. In total, there are 225 active investors with 66.48% ownership of the company’s stock.
A candlestick chart of Ebix Inc. (NASDAQ: EBIX) showed a price of $8.20 on Wednesday morning. During the past 12 months, Ebix Inc. has had a low of $8.05 and a high of $32.87. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 0.43, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $810.59M, which is based on a 6.39 price-to-earnings ratio, a 0.64 price-to-earnings-growth ratio, and a beta of 2.58. The fifty day moving average price for EBIX is $16.63 and a two-hundred day moving average price translates $18.43 for the stock.
The latest earnings results from Ebix Inc. (NASDAQ: EBIX) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.24 by -0.23. This compares to $0.61 EPS in the same period last year. The net profit margin was 3.83% and return on equity was 5.26% for EBIX. The company reported revenue of $118.43 million for the quarter, compared to $250.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.78 percent. For the current quarter, analysts expect EBIX to generate $124.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 12/05/2022 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 4.32% percent yield. There was an ex-dividend date of 12/02/2022 for this dividend. In terms of dividend payout ratio, EBIX is presently at 14.28%.
Ebix Inc.(EBIX) Company Profile
Ebix, Inc., together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance, and healthcare industries in the United States and internationally. The company develops and deploys insurance and reinsurance exchanges on an on-demand basis using software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, front-end and back-end systems, and outsourced administrative and risk compliance solutions. Its EbixCash exchange related products and services include gift cards; travel exchanges services; money transfer services; foreign exchange and outward remittance services; consumer payment services; and on-demand technology to various providers in the areas of lending, wealth and asset management, and travel. The company’s insurance exchanges related products and services include SaaS platform and related services; licensing of software; and professional services comprising setup, customization, training, or consulting. Its risk compliance services cover certificates of insurance creation and tracking; consulting services, such as project management, integration, development, and testing; and business process outsourcing services, including domain intensive project management, system consulting services, and claims adjudication/settlement services. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Johns Creek, Georgia.
