GWG (GWGH) Stock Rating Upgraded by Zacks Investment Research

GWG (NASDAQ:GWGH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $9.50 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 15.15% from the stock’s current price.

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. “

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Several other brokerages have also recently commented on GWGH. ValuEngine cut shares of GWG from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Maxim Group restated a “buy” rating and set a $14.00 target price on shares of GWG in a report on Tuesday, January 23rd.

GWG stock opened at $8.25 on Thursday. The company has a market capitalization of $49.42, a PE ratio of 2.61 and a beta of 0.46. GWG has a twelve month low of $7.60 and a twelve month high of $10.95. The company has a quick ratio of 20.89, a current ratio of 20.89 and a debt-to-equity ratio of -21.50.

GWG (NASDAQ:GWGH) last released its quarterly earnings results on Thursday, March 29th. The financial services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.81. The company had revenue of $17.68 million during the quarter, compared to analysts’ expectations of $20.38 million. GWG had a negative net margin of 40.62% and a negative return on equity of 82.15%. equities research analysts predict that GWG will post -0.19 EPS for the current fiscal year.

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About GWG

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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