Piper Sandler Keeps Their Buy Rating on Accelerant Holdings Class A (ARX)
Piper Sandler analyst Paul Newsome maintained a Buy rating on Accelerant Holdings Class A today and set a price target of $18.00.
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According to TipRanks, Newsome is a 5-star analyst with an average return of 12.0% and a 69.76% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Arthur J Gallagher & Co, and TWFG, Inc. Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Accelerant Holdings Class A with a $19.59 average price target.
Based on Accelerant Holdings Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $267.4 million and a GAAP net loss of $1.44 billion. In comparison, last year the company earned a revenue of $128.8 million and had a net profit of $7.1 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARX in relation to earlier this year. Last month, Christopher Lee-Smith, the Co-Founder, Head of Distrib of ARX bought 14,700.00 shares for a total of $197,127.00.
Read More on ARX:
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