In a report issued on August 10, Manav Patnaik from Barclays maintained a Buy rating on Verisk Analytics (NASDAQ: VRSK), with a price target of $130. The company’s shares closed on Friday at $116.95, close to its 52-week high of $118.13.
According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 13.3% and a 71.4% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Laureate Education Inc, and Dun & Bradstreet Corp.
Currently, the analyst consensus on Verisk Analytics is a Moderate Buy with an average price target of $120, representing a 2.6% upside. In a report issued on August 1, Cantor Fitzgerald also maintained a Buy rating on the stock with a $130 price target.
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Based on Verisk Analytics’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $154 million. In comparison, last year the company had a net profit of $121 million.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Vincent De Mccarthy, the SVP, Corp Dev & Strategy of VRSK sold 35,000 shares for a total of $3,817,100.
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.
Verisk Analytics, Inc. is a holding company, which engages in the provision of data analytics for customers in insurance, energy and specialized markets, and financial services. It operates through the Decision Analytics and Risk Assessment segments.
