In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on GWG Holdings (GWGH), with a price target of $14. The company’s shares opened today at $11.40.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.0% and a 60.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GWG Holdings with a $14 average price target.
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Based on GWG Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $10.52 million. In comparison, last year the company had a GAAP net loss of $9.18 million.
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GWG Holdings, Inc. is a financial services company, which transforms the life insurance industry through disruptive and innovative products and services. The company is founded to earn non-correlated returns from life insurance assets and create opportunities for consumers to obtain significantly more value for their life insurance policies in a secondary market compared to the traditional options offered by the insurance industry. It is extending its business in the life insurance industry through the application of advanced epigenetic technology. The company was founded by Jon R. Sabes, Paul A. Siegert, and Steven F. Sabes in February 2006 and is headquartered in Minneapolis, MN.
