BRP Group Inc.’s stock (BRP) continues to rise above its goal

As of right now, BRP Group Inc. [BRP] is trading at $29.43, up 2.44%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BRP shares have gain 6.98% over the last week, with a monthly amount glided 7.57%, and seem to be holding up well over a long-time horizon.

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On 7, November 2022, BRP Group, Inc. Announces Third Quarter 2022 Results. In a post published today on Yahoo Finance, – Third Quarter 2022 Revenue Grew 91% Year-Over-Year to $259.4 Million -.

From an analyst’s perspective:

BRP Group Inc. [NASDAQ: BRP] stock has seen the most recent analyst activity on October 03, 2022, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $30 from $31. Previously, UBS started tracking the stock with Buy rating on April 18, 2022, and set its price target to $30. On March 14, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $31 on the stock. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $43 as its price target on October 28, 2021. In a note dated July 13, 2020, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $19.

Through the last year, BRP Group Inc.’s stock price ranged from $17.08 to $38.99. Currently, Wall Street analysts expect the stock to reach $32.88 within the next 12 months. BRP Group Inc. [NASDAQ: BRP] shares were valued at $29.43 at the most recent close of the market. An investor can expect a potential return of 11.72% based on the average BRP price forecast.

Analyzing the BRP fundamentals

For BRP Group Inc., (BRP), the latest quarter sales were 259.37 billion, which represents an 91.30% increase. Gross Margin for this corporation currently stands at +20.40% with Operating Margin at +3.45%, Pretax Margin comes in at -10.24%, and Net Margin reading is -5.40%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.73 points at the first support level, and at 28.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.06, and for the 2nd resistance point, it is at 30.70.

BRP Group Inc. [BRP] reported earnings per share of $0.23 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of $0.03 and a surprise factor of 15.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.5 per share as compared to estimates of $0.52 per share, a difference of -$0.02 representing a surprise of -3.80%.

Ratios To Look Out For

It is important to note that BRP Group Inc. [NASDAQ:BRP] has a current ratio of 1.20. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 3.48.

Transactions by insiders

Insider trading, which has resulted in 19 insider purchases of 507,012 shares and 14 insider sales of 503,452 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Cohen Seth Bala, General Counsel, that happened on Nov 21 when 3463.0 shares were sold. Chairman, Baldwin Lowry completed a deal on Sep 20 to buy 0.17 million shares. Meanwhile, Chairman Baldwin Lowry sold 0.17 million shares on Sep 20.