Roth MKM Remains a Buy on Vertiv Holdings (VRT)

Roth MKM analyst Justin Clare reiterated a Buy rating on Vertiv Holdings today and set a price target of $335.00.

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Clare covers the Utilities sector, focusing on stocks such as Fluence Energy, Ormat Techno, and Clearway Energy. According to TipRanks, Clare has an average return of 20.7% and a 59.30% success rate on recommended stocks.

Vertiv Holdings has an analyst consensus of Strong Buy, with a price target consensus of $327.50.

Based on Vertiv Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.65 billion and a net profit of $390.1 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $164.5 million

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRT in relation to earlier this year. Last month, Jan Van Dokkum, a Director at VRT sold 38,647.00 shares for a total of $9,849,836.97.