Verisk Analytics (VRSK) continues to display strong financial performance, beating both earnings per share and revenue estimates for Q3 2024. Despite the sale of shares by abrdn plc and the State of Alaska Department of Revenue, Verisk's stock has generally outperformed the market, with several asset management firms increasing their holdings. Positive industry momentum and solid profit are key drivers behind the growth in share price, despite critique of underlying weak fundamentals. Analysts from firms like Baird and BMO Capital Markets predict a rise in the company's share price, with price targets raised to $301. CEO Lee Shavel and Chief Accounting Officer David Grover sold company shares, while VP of Innovation Dorothy Kelly and Director Wendy Lane acquired shares. Their Q3 revenue growth surpassed Wall Street's anticipations and they exceeded profit estimates for the same quarter. Although some question the sustainability of profits, Verisk's healthy balance sheet might prove doubters wrong. Overall, VRSK makes a compelling investment case for the long run.
Verisk Analytics VRSK News Analytics from Fri, 26 Apr 2024 00:28:28 GMT to Sat, 02 Nov 2024 08:42:19 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
