GWG Holdings Inc (NASDAQ:GWGH) Given $12.35 Average Price Target by Brokerages

GWG Holdings Inc (NASDAQ:GWGH) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price target of $12.35 for the company and are forecasting that the company will post ($0.24) EPS for the current quarter, according to Zacks. Zacks has also given GWG an industry rank of 64 out of 256 based on the ratings given to related companies.

GWGH has been the subject of several analyst reports. ValuEngine raised shares of GWG from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of GWG from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tibra Equities Europe Ltd purchased a new position in GWG during the first quarter worth about $292,000. Institute for Wealth Management LLC. purchased a new position in GWG during the fourth quarter worth about $100,000. Citigroup Inc. purchased a new position in GWG during the first quarter worth about $33,000. Finally, Morgan Stanley purchased a new position in GWG during the first quarter worth about $32,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GWGH opened at $9.63 on Friday. The stock has a market cap of $57.91 million, a P/E ratio of 4.15 and a beta of 0.31. GWG has a 52-week low of $4.80 and a 52-week high of $17.50.

GWG Company Profile

GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.

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