At the time of writing, Heritage Insurance Holdings Inc. [HRTG] stock is trading at $10.75, down -2.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The HRTG shares have gain 11.40% over the last week, with a monthly amount drifted -31.13%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Heritage Insurance Holdings Inc. [NYSE: HRTG] stock has seen the most recent analyst activity on August 09, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $13 from $9. Previously, JMP Securities downgraded its rating to Mkt Perform on March 13, 2024. On February 13, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $2.20 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $15 on April 06, 2020. Keefe Bruyette downgraded its rating to a Mkt Perform. Sandler O’Neill downgraded its rating to Hold for this stock on July 16, 2019, and downed its price target to $17. In a note dated January 22, 2018, JMP Securities downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Heritage Insurance Holdings Inc. fluctuated between $5.03 and $16.90. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Heritage Insurance Holdings Inc. [NYSE: HRTG] shares were valued at $10.75 at the most recent close of the market. An investor can expect a potential return of 16.28% based on the average HRTG price forecast.
Analyzing the HRTG fundamentals
According to Heritage Insurance Holdings Inc. [NYSE:HRTG], the company’s sales were 770.38M for trailing twelve months, which represents an 9.85% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.26 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 10.61 points at the first support level, and at 10.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.98, and for the 2nd resistance point, it is at 11.20.
Ratios To Look Out For
It is important to note that Heritage Insurance Holdings Inc. [NYSE:HRTG] has a current ratio of 0.93. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 5.50.
Transactions by insiders
Recent insider trading involved WIDDICOMBE RICHARD A, Chairman, that happened on Aug 16 ’24 when 4437.0 shares were purchased. Chairman, WIDDICOMBE RICHARD A completed a deal on Aug 16 ’24 to sell 4437.0 shares. Meanwhile, Chief Executive Officer Garateix Ernie J bought 5000.0 shares on Aug 09 ’24.
