Northland Securities Believes Piper Sandler (PIPR) Won’t Stop Here
Northland Securities analyst Michael Grondahl maintained a Buy rating on Piper Sandler (PIPR) today and set a price target of $120.00. The company’s shares closed last Friday at $115.01, close to its 52-week high of $124.03.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 29.0% and a 62.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and WisdomTree Investments.
Currently, the analyst consensus on Piper Sandler is a Moderate Buy with an average price target of $122.00.
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Based on Piper Sandler’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $406 million and net profit of $42.16 million. In comparison, last year the company earned revenue of $279 million and had a net profit of $38.66 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PIPR in relation to earlier this year.
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Piper Sandler Cos. is an investment bank and asset management firm. It operates through the Capital Markets and Asset Management segments. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity, and fixed income products. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds. The company is headquartered in Minneapolis, MN.