A share price of Heritage Insurance Holdings Inc [HRTG] is currently trading at $12.32, up 5.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The HRTG shares have gain 1.48% over the last week, with a monthly amount drifted -0.56%, 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.
Heritage Insurance Holdings Inc experienced fluctuations in its stock price throughout the past year between $5.51 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 $12.32 at the most recent close of the market. An investor can expect a potential return of 1.46% based on the average HRTG price forecast.
Analyzing the HRTG fundamentals
Trailing Twelve Months sales for Heritage Insurance Holdings Inc [NYSE:HRTG] were 795.92M which represents 13.71% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.29 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 11.92 points at the first support level, and at 11.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.56, and for the 2nd resistance point, it is at 12.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Heritage Insurance Holdings Inc [NYSE:HRTG] is 0.98. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 4.93.
Transactions by insiders
Recent insider trading involved Pappas Nicholas George, Director, that happened on Nov 22 ’24 when 4000.0 shares were sold. Chief Executive Officer, Garateix Ernie J completed a deal on Nov 11 ’24 to buy 3950.0 shares. Meanwhile, Chairman WIDDICOMBE RICHARD A bought 4437.0 shares on Aug 16 ’24.
