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Elizabeth Mann, the Chief Financial Officer of Verisk Analytics, Inc. (NASDAQ:VRSK), recently sold 300 shares of the company’s common stock. The transaction, which took place on March 17, was executed at a price of $287.83 per share, amounting to a total value of $86,349. Following this sale, Mann retains ownership of 16,965 shares in the company. The sale was conducted under a 10b5-1 trading plan that Mann established on December 13, 2024. InvestingPro data reveals that Verisk has demonstrated strong financial health and maintains a solid track record of profitability. Discover 15 additional valuable insights about Verisk, including detailed valuation metrics and growth indicators, available exclusively with an InvestingPro subscription.
In other recent news, Verisk Analytics reported its fourth-quarter 2024 earnings, showing a slight beat on revenue forecasts with $736 million, surpassing the expected $733.53 million. The company posted an earnings per share (EPS) of $1.61, slightly below the forecast of $1.60. Verisk’s revenue for the quarter grew by 8.6% year-over-year, driven by an 11% increase in subscription revenues. Additionally, the adjusted EBITDA margin improved to 54.1%, reflecting a 70 basis point rise.
RBC Capital Markets maintained an Outperform rating on Verisk, with a $300 price target, citing the company’s accelerated subscription growth and strategic marketing enhancements. BMO Capital Markets increased their price target to $297, noting a slight beat on adjusted EPS for the fourth quarter, but mentioned lighter-than-expected guidance for 2025. Morgan Stanley (NYSE:MS) also raised its price target to $305, highlighting Verisk’s subscription organic revenue growth of 11% during the quarter.
In another development, GearTrack announced a partnership with CargoNet, a Verisk business, to enhance cargo security through real-time tracking and analytics. This collaboration aims to provide GearTrack customers with improved risk assessment tools and theft prevention strategies. These recent developments reflect Verisk’s ongoing efforts to maintain its growth trajectory and enhance its market position through strategic initiatives and partnerships.
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