Compass Point analyst Casey Alexander reiterated a Hold rating on Newtek Business (NASDAQ: NEWT) today and set a price target of $19. The company’s shares opened today at $21.12, close to its 52-week high of $21.31.
Alexander has an average return of 3.7% when recommending Newtek Business.
According to TipRanks.com, Alexander is ranked #2493 out of 4839 analysts.
Newtek Business has an analyst consensus of Hold, with a price target consensus of $19.
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The company has a one-year high of $21.31 and a one-year low of $16.01. Currently, Newtek Business has an average volume of 105K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEWT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Newtek Business Services Corp. is an non-diversified closed-end management investment company, which engages in the provision of wide range of business services and financial products under the Newtek brand to small-and-medium sized business market. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.
