While BRP Group Inc has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BRP fell by -3.94%, with highs and lows ranging from $29.41 to $17.33, whereas the simple moving average jumped by 17.02% in the last 200 days.
On December 12, 2023, Raymond James Upgraded BRP Group Inc (NASDAQ: BRP) to Strong Buy. A report published by Wells Fargo on November 08, 2023, Downgraded its rating to ‘Equal Weight’ for BRP. JP Morgan October 03, 2022d the rating to Neutral on October 03, 2022, and set its price target from $31 to $30. UBS initiated its ‘Buy’ rating for BRP, as published in its report on April 18, 2022. BofA Securities’s report from March 14, 2022 suggests a price prediction of $31 for BRP shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of BRP Group Inc (BRP)
Further, the quarter-over-quarter increase in sales is 18.08%, showing a positive trend in the upcoming months.
One of the most important indicators of BRP Group Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -16.76% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and BRP is recording 462.80K average volume. On a monthly basis, the volatility of the stock is set at 4.11%, whereas on a weekly basis, it is put at 2.76%, with a gain of 3.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.14, showing growth from the present price of $27.33, which can serve as yet another indication of whether BRP is worth investing in or should be passed over.
How Do You Analyze BRP Group Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BRP shares are owned by institutional investors to the tune of 95.33% at present.
