Heritage Insurance Holdings Inc (NYSE:HRTG) price on Friday, April 11, rose 0.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.23.
A look at the stock’s price movement, the close in the last trading session was $16.13, moving within a range at $15.8512 and $16.72. The beta value (5-Year monthly) was 0.939 while the PE ratio in trailing twelve months stood at 8.09. Turning to its 52-week performance, $16.90 and $6.14 were the 52-week high and 52-week low respectively. Overall, HRTG moved 29.53% over the past month.
Heritage Insurance Holdings Inc’s market cap currently stands at around $496.77 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-10.
Analysts have a consensus estimate of 213.68M for the company’s revenue for the quarter, with a low and high estimate of 210.24M and 217.13M respectively. The average forecast suggests up to a 11.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 870.16M, representing a 6.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HRTG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
HRTG’s current price about 12.00% and 26.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.36, while 7-day volatility ratio is 9.66% and 6.87% in the 30-day chart. Further, Heritage Insurance Holdings Inc (HRTG) has a beta value of 0.91, and an average true range (ATR) of 1.00. Analysts have given the company’s stock an average 52-week price target of $12.5, forecast between a low of $12 and high of $13. Looking at the price targets, the low is 26.06% off current price level while to achieve the yearly target high, price needs to move 19.9%. Nonetheless, investors will most likely welcome a 22.98% jump to $12.5 which is the analysts’ median price.
If we refocus on Heritage Insurance Holdings Inc (NYSE:HRTG), historical trading data shows that trading volumes averaged 0.35 over the past 10 days and 209.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.61 million shares.
The 27.49% of Heritage Insurance Holdings Inc’s shares are in the hands of company insiders while institutional holders own 55.36% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.71 million on 2025-03-14, giving us a short ratio of 3.72. The data shows that as of 2025-03-14 short interest in Heritage Insurance Holdings Inc (HRTG) stood at 314.00003 of shares outstanding, with shares short rising to 0.68 million registered in 2025-02-14. Current price change has pushed the stock 34.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HRTG stock continues to rise going into the next quarter.
