In the last trading session, 4.49 million shares of the Ryan Specialty Holdings Inc. (NYSE:RYAN) were traded. Most recently the company’s share price was $41.66, and it changed around -$2.55 or -5.77% from the last close, which brings the market valuation of the company to $10.88B. RYAN currently trades at a discount to its 52-week high of $46.40, offering almost -11.38% off that amount. The share price’s 52-week low was $32.13, which indicates that the current value has risen by an impressive 22.88% since then. We note from Ryan Specialty Holdings Inc.’s average daily trading volume that its 10-day average is 0.87 million shares, with the 3-month average coming to 660.73K.
Ryan Specialty Holdings Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 2 out of 12 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended RYAN as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Ryan Specialty Holdings Inc. is expected to report earnings per share of $0.44 for the current quarter.
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Ryan Specialty Holdings Inc. (NYSE:RYAN) trade information
Instantly RYAN has showed a red trend with a performance of -5.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 44.93 on Tuesday, 05/23/23 increased the stock’s daily price by 7.28%. The company’s shares are currently up 0.36% year-to-date, but still down -5.53% over the last five days. On the other hand, Ryan Specialty Holdings Inc. (NYSE:RYAN) is 4.10% down in the 30-day period. We can see from the shorts that 7.24 million shares have been sold at a short interest cover period of 17.71 day(s).
The consensus price target as assigned by Wall Street analysts is $46.30, which translates to bulls needing to increase their stock price by 10.02% from its current value. Analyst projections state that RYAN is forecast to be at a low of $35.00 and a high of $51.00. In order for the stock price to hit the forecast high, the stock would need to plunge -22.42% from its current level, while the stock would need to crash 15.99% from its current level to reach the projected low.
Ryan Specialty Holdings Inc. (RYAN) estimates and forecasts
Ryan Specialty Holdings Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.06 percent over the past six months and at a 15.65% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 12.80% in revenue this quarter, and will report an increase of 20.00% in the next quarter. The year-over-year growth rate is expected to be 18.30%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $576.15 million in revenue for the current quarter. 6 analysts expect Ryan Specialty Holdings Inc. to make $490.6 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $491.29 million and $412 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.30%. Forecasts for the next quarter put sales growth at 19.10%.
Ryan Specialty Holdings Inc. earnings are expected to increase by -17.00% in 2023, but the outlook is positive 18.90% per year for the next five years.
Ryan Specialty Holdings Inc.’s next quarterly earnings report is expected to be released around August 09 and August 14.
Ryan Specialty Holdings Inc. (NYSE:RYAN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.33% of Ryan Specialty Holdings Inc. shares, and 80.00% of them are in the hands of institutional investors. The stock currently has a share float of 94.49%. Ryan Specialty Holdings Inc. stock is held by 266 institutions, with Kayne Anderson Rudnick Investment Management LLC being the largest institutional investor. By Mar 30, 2023, it held 9.63% of the shares, which is about 10.93 million shares worth $439.9 million.
Vanguard Group, Inc. (The), with 6.87% or 7.8 million shares worth $313.77 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Virtus Equity Tr-Virtus KAR Small Cap Growth Fd and Growth Fund Of America Inc were the top two Mutual Funds as of Dec 30, 2022. The former held 7.0 million shares worth $290.66 million, making up 2.70% of all outstanding shares. On the other hand, Growth Fund Of America Inc held roughly 4.96 million shares worth around $199.79 million, which represents about 1.91% of the total shares outstanding.