In last trading session, Heritage Insurance Holdings Inc (NYSE:HRTG) saw 0.56 million shares changing hands with its beta currently measuring 1.00. Company’s recent per share price level of $12.20 trading at $0.6 or 5.17% at ring of the bell on the day assigns it a market valuation of $374.35M. That closing price of HRTG’s stock is at a discount of -38.52% from its 52-week high price of $16.90 and is indicating a premium of 54.84% from its 52-week low price of $5.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 627.85K if we extend that period to 3-months.
Heritage Insurance Holdings Inc (NYSE:HRTG) trade information
Upright in the green during last session for gaining 5.17%, in the last five days HRTG remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $12.20 price level, adding 3.56% to its value on the day. Heritage Insurance Holdings Inc’s shares saw a change of 87.12% in year-to-date performance and have moved 19.49% in past 5-day. Heritage Insurance Holdings Inc (NYSE:HRTG) showed a performance of 15.75% in past 30-days. Number of shares sold short was 1.04 million shares which calculate 1.33 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 12.5 to the stock, which implies a rise of 2.4% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would jump 1.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 1.64% for stock’s current value.
Heritage Insurance Holdings Inc (HRTG) estimates and forecasts
Statistics highlight that Heritage Insurance Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 38.48% of value to its shares in past 6 months, showing an annual growth rate of -50.29% while that of industry is 7.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 212.1M for the same. And 2 analysts are in estimates of company making revenue of 218.91M in the next quarter. Company posted 186.97M and 189.05M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.65% during past 5 years.
Heritage Insurance Holdings Inc (NYSE:HRTG)’s Major holders
Insiders are in possession of 26.84% of company’s total shares while institution are holding 49.19 percent of that, with stock having share float percentage of 67.23%. Investors also watch the number of corporate investors in a company very closely, which is 49.19% institutions for Heritage Insurance Holdings Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at HRTG for having 1.77 million shares of worth $12.53 million. And as of 2024-06-30, it was holding 5.8259 of the company’s outstanding shares.
The second largest institutional holder is DIMENSIONAL FUND ADVISORS LP, which was holding about 1.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6568 of outstanding shares, having a total worth of $10.02 million.
