Stocks of BRP Group Inc (NASDAQ:BRP) traded higher last session on Wall Street, up 0.22% to $18.44.
According to the data, BRP Group Inc (NASDAQ:BRP) has 9 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $24.00, we find $30.00. Given the previous closing price of $18.40, this indicates a potential upside of 63.04 percent. BRP stock price is now -17.42% away from the 50-day moving average and -24.01% away from the 200-day moving average. The market capitalization of the company currently stands at $1.19B.
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A total of 5 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $29.86 as their price target over the next twelve months.
With the price target reduced from $28 to $24, Wells Fargo Downgraded its rating from Overweight to Equal Weight for BRP Group Inc (NASDAQ: BRP).
In other news, Hale Bradford, Chief Financial Officer bought 10,000 shares of the company’s stock on Nov 09. The stock was bought for $199,655 at an average price of $19.97. Upon completion of the transaction, the Chief Financial Officer now directly owns 10,000 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Chief Partnership Officer Valentine John A. bought 5,000 shares of the business’s stock. A total of $99,895 was incurred on buying the stock at an average price of $19.98. This leaves the insider owning 93,222 shares of the company worth $1.72 million. Insiders disposed of 5,597,079 shares of company stock worth roughly $103.21 million over the past 1 year. A total of 0.95% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $18.48 for BRP Group Inc (NASDAQ: BRP). During the past 12 months, BRP Group Inc has had a low of $17.93 and a high of $32.12. The fifty day moving average price for BRP is $22.33 and a two-hundred day moving average price translates $24.27 for the stock.
The latest earnings results from BRP Group Inc (NASDAQ: BRP) was released for Sep, 2023. According to the Insurance Brokers Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.27 by 0.02. This compares to -$0.43 EPS in the same period last year. The net profit margin was -8.83% and return on equity was -16.76% for BRP. The company reported revenue of $306.27 million for the quarter, compared to $259.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.08 percent. For the current quarter, analysts expect BRP to generate $281.01M in revenue.
