Zacks Investment Research upgraded shares of GWG (NASDAQ:GWGH) from a hold rating to a buy rating in a research report sent to investors on Thursday morning. Zacks Investment Research currently has $9.50 price objective on the financial services provider’s stock.
According to Zacks, “GWG Holdings, Inc. and its subsidiaries are engaged in the life insurance secondary market. It offers a variety of solutions for seniors who own life insurance. The Company’s services allow policyholders to sell, keep, trade or gift their life insurance based upon their needs today. GWG Holdings, Inc. is based in Minneapolis, Minnesota. “
Several other equities analysts have also issued reports on the stock. ValuEngine lowered shares of GWG from a strong-buy rating to a buy rating in a report on Tuesday, December 26th. Maxim Group reissued a buy rating and set a $14.00 price objective on shares of GWG in a report on Tuesday, January 23rd.
Shares of GWGH stock opened at $8.25 on Thursday. The company has a market cap of $47.96, a P/E ratio of 3.95 and a beta of 0.46. The company has a debt-to-equity ratio of -16.72, a quick ratio of 15.75 and a current ratio of 15.75. GWG has a 52-week low of $7.60 and a 52-week high of $10.95.
GWG (NASDAQ:GWGH) last issued its quarterly earnings data on Thursday, March 29th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.81. The company had revenue of $17.68 million for the quarter, compared to analyst estimates of $20.38 million. GWG had a negative net margin of 40.62% and a negative return on equity of 70.10%. sell-side analysts anticipate that GWG will post -0.19 earnings per share for the current fiscal year.
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GWG Company Profile
GWG Holdings, Inc, a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company also purchases policies in the secondary market through financial advisors and life insurance agents, as well as through its appointed agent program.
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