Heritage Insurance Hldgs Stock (NYSE: HRTG)

Heritage Insurance Hldgs (NYSE:HRTG) Stock, Quote.Headers.trade-ideas

Heritage Insurance Hldgs

Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

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The Zacks Property and Casualty Insurance industry has performed well so far this year, banking on better pricing, increased exposure, prudent underwriting, streamlined operations, global presence and a solid capital position. The industry has gained 32.1% year to date, outperforming the Finance sector&#39;s rise of 15.1% and the Zacks S&amp;P 500 composite&#39;s increase of 18.4%.

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Shares of NMI Holdings (NASDAQ: NMIH) have rallied 28.9% year to date, outperforming the industry&#39;s increase of 24.6%, the Finance sector&#39;s increase of 11.6% and the S&amp;P 500 composite&#39;s rise of 17.5%.

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Heritage Insurance Holdings, Inc. Common Stock

Heritage Insurance Holdings Inc

<p>As of Sept. 6, 2024, four stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/&quot;">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Virtu Financial Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>)</strong></h3>
<ul>
<li>On July 18, Virtu Financial reported better-than-expected second-quarter financial results. Virtu's board of directors declared a quarterly cash dividend of 24 cents per share. This dividend is payable on Sept. 15 to shareholders of record as of Sept. 1. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/VIRT">52-week high of $31.75</a>.</li>
<li><strong>RSI Value:</strong> 83.52&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>VIRT Price Action:</strong> Shares of Virtu Financial gained 0.8% to close at $31.44 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>KKR Real Estate Finance Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>)</strong></h3>
<ul>
<li>On July 22, KKR Real Estate Finance posted upbeat quarterly results. The company's stock gained around 15% over the past month and <a href="https://www.benzinga.com/quote/KREF">has a 52-week high</a> of $14.12.</li>
<li><strong>RSI Value:</strong> 70.54</li>
<li><strong>KREF Price Action:</strong> Shares of KKR Real Estate Finance Trust surged 5.7% to close at $12.24 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Heritage Insurance Holdings Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>)</h3>
<ul>
<li>On Aug. 6, Heritage Insurance posted upbeat quarterly earnings. &#8220;First, on behalf of the entire Heritage family, we wish a swift and complete recovery to all of those impacted by Hurricane Debby.  Our team has been responding to policyholder needs and remains ready to provide outstanding claim service.  With regard to the second quarter, our strong results demonstrate the continued execution of our underwriting and rate adequacy initiatives over the last three years,&#8221; remarked Ernie Garateix, CEO at Heritage. The company's stock gained around 124% over the past month and has a<a href="https://www.benzinga.com/quote/HRTG"> 52-week high</a> of $16.90.</li>
<li><strong>RSI Value:</strong> 75.73</li>
<li><strong>HRTG Price Action:</strong> Shares of Heritage Insurance fell 2.3% to close at $16.27 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>First Northwest BanCorp </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNWB#NASDAQ">FNWB</a>)</h3>
<ul>
<li>On July 25, First Northwest Bancorp posted better-than-expected quarterly sales. &#8220;In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bank-owned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares,&#8221; commented Matthew P. Deines, President and CEO. The company's stock jumped around 17% over the past month and has a 52-week high is $16.12.</li>
<li><strong>RSI Value:</strong> 72.83</li>
<li><strong>FNWB Price Action:</strong> Shares of First Northwest BanCorp fell 1% to close at $11.57 on Thursday.  </li>
</ul>
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<p>As of Aug 13, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Sezzle Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>)</strong></h3>
<ul>
<li>On Aug. 7, Sezzle reported better-than-expected second-quarter financial results. &#8220;Our strategic efforts continued to pay off in the second quarter, as Net Income reached new highs driven by a combination of strong revenue growth and leveraging our operating infrastructure,&#8221; stated Charlie Youakim, Sezzle Chairman and CEO. &#8220;We are excited to raise our 2024 guidance, as we now expect Total Revenue to increase 35%-40% YoY (previous guidance of 25%), Net Income of $55.0 million (previous guidance of $30.0 million), and Adjusted Net Income of $40.0 million (new guidance).&#8221; The company's stock gained around 58% over the past five days and has a <a href="https://www.benzinga.com/quote/SEZL">52-week high of $126.04</a>.</li>
<li><strong>RSI Value:</strong> 72.74&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>SEZL Price Action:</strong> Shares of Sezzle closed at $118.36 on Monday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Heritage Insurance Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>)</strong></h3>
<ul>
<li>On Aug. 6, Heritage Insurance posted upbeat quarterly earnings. &#8220;First, on behalf of the entire Heritage family, we wish a swift and complete recovery to all of those impacted by Hurricane Debby.  Our team has been responding to policyholder needs and remains ready to provide outstanding claim service.  With regard to the second quarter, our strong results demonstrate the continued execution of our underwriting and rate adequacy initiatives over the last three years,&#8221; remarked Ernie Garateix, CEO at Heritage. The company's stock gained around 49% over the past five days and <a href="https://www.benzinga.com/quote/HRTG">has a 52-week high</a> of $11.48.</li>
<li><strong>RSI Value:</strong> 78.10</li>
<li><strong>HRTG Price Action:</strong> Shares of Heritage Insurance closed at $10.76 on Monday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/08/40330730/home-depot-paysafe-and-3-stocks-to-watch-heading-into-tuesday">Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday</a></strong></li>
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Heritage Insurance Holdings shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight an raised its price target from $9 to $13.

<p>Piper Sandler  analyst Paul Newsome   upgrades Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) from Neutral to Overweight and raises the price target from $9 to $13.</p>


Upgrades

Price Target

Piper Sandler Upgrades Heritage Insurance Hldgs to Overweight, Raises Price Target to $13

<p>Truist Securities  analyst Mark Hughes   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Buy and raises the price target from $11 to $12.</p>


Truist Securities Maintains Buy on Heritage Insurance Hldgs, Raises Price Target to $12

<p>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.41 by 48.78 percent. This is a 103.33 percent increase over earnings of $0.30 per share from the same period last year.  The company reported quarterly sales of $190.316 million which missed the analyst consensus estimate of $196.805 million by 3.30 percent.  This is a 7.64 percent increase over sales of $176.804 million the same period last year.</p>


Earnings Misses

Heritage Insurance Hldgs Q2 2024 GAAP EPS $0.61 Beats $0.41 Estimate, Sales $190.316M Miss $196.805M Estimate

<p>The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of&nbsp;April 30, ranking them by total market capitalization.</p>
<p>The inclusion into the index took effect at the opening of the U.S. equity markets on&nbsp;Monday July 1, 2024.</p>


Heritage Insurance Reports Inclusion In The Russell 3000 Index

<p>The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.</p>
<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3 class="wp-block-heading"><strong>Heritage Insurance Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>)</strong></h3>
<ul>
<li>On May 1, Heritage Insurance Holdings reported worse-than-expected first-quarter EPS. &#8220;I&#8217;m pleased to see the momentum of our efforts to respond to market conditions continues to produce our intended results,&#8221; remarked Ernie Garateix, CEO at Heritage. &#8220;Our average premium has increased across the book of business, and we believe the quality of our book of business continues to improve.&#8221; The company's stock fell around 21% over the past month and has a <a href="https://www.benzinga.com/quote/HRTG">52-week low of $3.87</a>.</li>
<li><strong>RSI Value:</strong> 27.01</li>
<li><strong>HRTG Price Action:</strong> Shares of Heritage Insurance gained 1.7% to close at $6.47 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://pro.benzinga.com/dashboard">Heritage Insurance's news</a>.</li>
</ul>
<h3 class="wp-block-heading"><strong>Fanhua Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong></h3>
<ul>
<li>On June 3, Fanhua disclosed a strategic partnership with Baidu AI Cloud for application of large model in insurance distribution. Mr. Yinan Hu, co-founder, Vice Chairman and Chief Executive Officer of Fanhua said, &#8220;We are excited about the strategic partnership with Baidu. As a leading global AI company, Baidu has made numerous technological accomplishments and strong innovative capabilities in artificial intelligence, making this partnership a tremendous new growth opportunity for us.&#8221; The company's stock fell around 20% over the past five days. It <a href="https://www.benzinga.com/quote/FANH">has a 52-week low</a> of $1.76.</li>
<li><strong>RSI Value:</strong> 14.91</li>
<li><strong>FANH Price Action:</strong> Shares of Fanhua fell 1.1% to close at $1.78 on Wednesday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's charting tool</a> helped identify the trend in Fanhua's stock.</li>
</ul>
<h3 class="wp-block-heading"><strong>Future Fintech Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTFT#NASDAQ">FTFT</a>)</strong></h3>
<ul>
<li>On April 30, Future FinTech entered into a new bitcoin mining hosting agreement for its cryptocurrency farm in Norwalk, Ohio. The company's stock fell around 42% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/FTFT">low of $0.41</a>.</li>
<li><strong>RSI Value:</strong> 23.07</li>
<li><strong>FTFT Price Action:</strong> Shares of Future Fintech fell 5.1% to close at $0.46 on Wednesday.</li>
<li>Benzinga Pro's signals feature notified of a potential breakout in <a href="https://pro.benzinga.com/dashboard">Future Fintech's shares</a>.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/07/39639846/s-p-500-settles-at-new-record-even-as-fear-greed-index-moves-to-fear-zone">S&amp;P 500 Settles At New Record Even As Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a></p>


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Heritage Insurance Holdings shares are trading lower after the company reported worse-than-expected Q1 EPS.

<p>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.56 by 16.07 percent. This is a 14.55 percent decrease over earnings of $0.55 per share from the same period last year.  The company reported quarterly sales of $191.302 million which beat the analyst consensus estimate of $189.047 million by 1.19 percent.  This is a 8.13 percent increase over sales of $176.921 million the same period last year.</p>


Heritage Insurance Hldgs Q1 2024 GAAP EPS $0.47 Misses $0.56 Estimate, Sales $191.302M Beat $189.047M Estimate

<p>Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company announced today that it fully placed its 2024-2025 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company.</p>
<p>"We are delighted to announce the successful completion of our 2024-2025 catastrophe excess of loss reinsurance program," stated Heritage CEO Ernie Garateix. "We value the unwavering support of our valued long-term reinsurance partners as well as new reinsurance partners and reaffirm our commitment to provide appropriate coverage for the markets we serve. I'm pleased to continue to place a portion of our program through capital markets using catastrophe bonds issued by Citrus Re, which provides multi-year reinsurance coverage."</p>
<p><strong>Key points of the 2024-2025 catastrophe reinsurance program include:</strong></p>
<ul>
<li>Total consolidated cost of approximately&nbsp;$422.3 million.</li>
<li>The prior year program included over $70.0 million of limit provided through the Florida Reinsurance to Assist Policyholders ("RAP") program at no cost to the Company. The current year program cost includes replacement of that program with external reinsurance partners.</li>
<li>External party first event reinsurance tower exhaustion points of $1.1 billion for the Northeast, $1.3 billion in the Southeast and $750.0 million in Hawaii. Each reinsurance tower may be supplemented with limit purchased through affiliate Osprey Re.</li>
<li>The 2024 catastrophe excess of loss reinsurance program includes a Southeast-only limit of $100.0 million through catastrophe bonds issued by Citrus Re Ltd., a Bermuda-domiciled special purpose vehicle. This addition complements the existing Citrus Re 2023 catastrophe bonds, which featured a $120.0 million Northeast only limit and a $115.0 million combined Northeast/Hawaii limit, both of which remain unused. Furthermore, the $100 million limit of the 2022 in-force Northeast-only catastrophe bond also remains unutilized and available for the 2024 hurricane season.</li>
<li>The loss retention for the Company is approximately $40.0 million for the Southeast and Hawaii, respectively, and $32 million for the Northeast. The retention for each insurance company could be reduced by limit purchased through affiliate Osprey Re.</li>
<li>Florida Hurricane Catastrophe Fund participation of 90.0%, consistent with the prior year program.</li>
<li>The entire program is indemnity based, with no parametric covers.</li>
</ul>


Heritage Announces Full Placement Of 2024-2025 CAT XOL Reinsurance Program; Total Consolidated Cost Of ~$422.3M

Offerings

Heritage Insurance Files Mixed Securities Shelf Offering For Up To $100M

<p>JMP Securities  analyst Matthew Carletti   reiterates Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Market Perform.</p>


Reiteration

JMP Securities Reiterates Market Perform on Heritage Insurance Hldgs

<p>Piper Sandler  analyst Paul Newsome   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Neutral and maintains $9 price target.</p>


Piper Sandler Maintains Neutral on Heritage Insurance Hldgs, Maintains $9 Price Target

Heritage Insurance Holdings Announces Share Repurchase Program Of $10M

<p>Truist Securities  analyst Mark Hughes   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Buy and raises the price target from $9 to $11.</p>


Truist Securities Maintains Buy on Heritage Insurance Hldgs, Raises Price Target to $11

<p>JMP Securities  analyst Matthew Carletti   downgrades Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) from Market Outperform to Market Perform.</p>


Downgrades

JMP Securities Downgrades Heritage Insurance Hldgs to Market Perform

Heritage Insurance Holdings shares are trading higher after the company reported better-than-expected Q4 financial results.

<p><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported its Q4 earnings results on Monday, March 11, 2024 at 04:07 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Heritage Insurance Hldgs beat estimated earnings by 150.0%, reporting an EPS of $1.15 versus an estimate of $0.46.</p>
<p>Revenue was up $12.38 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.07 which was followed by a 11.0% increase in the share price the next day.</p>
<p>Here's a look at Heritage Insurance Hldgs's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.21</td>
<td>0.11</td>
<td>0.11</td>
<td>-0.16</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.28</td>
<td>0.32</td>
<td>0.55</td>
<td>0.48</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>176.11M</td>
<td>168.53M</td>
<td>165.81M</td>
<td>168.32M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>176.64M</td>
<td>176.80M</td>
<td>176.92M</td>
<td>174.59M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Heritage Insurance Hldgs <a href="https://www.benzinga.com/quote/HRTG/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: Heritage Insurance Hldgs Q4 Earnings

<p>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $0.47 by 144.68 percent.  The company reported quarterly sales of $186.967 million which beat the analyst consensus estimate of $185.106 million by 1.01 percent.  This is a 7.09 percent increase over sales of $174.588 million the same period last year.</p>


Heritage Insurance Hldgs Q4 2023 GAAP EPS $1.15 Beats $0.47 Estimate, Sales $186.967M Beat $185.106M Estimate

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Stocks are inherently enticing.</p>



<p>First, they let you purchase the power to have a say in the operations of a company through voting. Then you can receive payouts through dividends. And finally, you profit off of your original investment by selling your stock. However, for everyday investors, putting a few hundred dollars into a company you don&rsquo;t know inside-out is a hard bargain.</p>



<p>Most investors want a cheap company with high growth potential. Of course, this comes with risks, like volatility. However, multiple, well-known companies trade for less than $20, letting you stretch your money out. Oftentimes, these inexpensive stocks see growth in valuations that beat the whole market. </p>



<p>It&rsquo;s time you get your foot in the door by investing in these three, sub-$20 stocks with great growth potential.</p>



<h2><strong>SentinelOne (S)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/sentinelone-1600-300x169.png" alt="The logo for SentinelOne (S) is seen on on an office building."><div>Source: Tada Images / Shutterstock.com</div></div><p><strong>SentinelOne, Inc. </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/s-stock-quote/"><strong>S</strong></a></span>) is a software-as-a-service (<strong>SaaS</strong>) company that specializes in cybersecurity. </p>



<p>S provides its services internationally. It has a &ldquo;Singularity Platform&rdquo; which delivers AI powered autonomous threat prevention, detection and response capabilities for its clients. It is currently trading at $18.15, having gone down 32.43% over the last year, indicating the perfect time to buy the dip.</p>



<p>Further, S has beaten earnings estimates by large margins for the past four quarters. Additionally, while it isn&rsquo;t profitable yet, S has seen an insane quarterly <a href="https://finance.yahoo.com/quote/S/key-statistics/">revenue growth of 39.70%</a>. This indicates that its products are gaining traction, bringing up the potential for profitability. An onslaught of new deals and positive news supports this. In just the past month alone, SentinelOne has <a href="https://finance.yahoo.com/news/sentinelone-advantage-partner-deliver-next-130000195.html">partnered with <strong>Advantage</strong></a>, a New Zealand-based cybersecurity firm. Additionally, the company is providing <a href="https://finance.yahoo.com/news/sentinelone-transforms-cloud-security-aws-130000952.html">new security services to AWS</a> customers, indicating another product expansion.</p>



<p>These new developments highlight the competency of management and the company&rsquo;s bright future. With the stock being cheap right now, investors may want to jump in.</p>



<h2><strong>Heritage Insurance Holdings (HRTG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/home-insurance-300x169.jpg" alt="miniature home next to pen, pad of paper, calculator and coins on a desk"><div>Source: MIND AND I / Shutterstock.com</div></div><p><strong>Heritage Insurance Holdings </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/hrtg-stock-quote/"><strong>HRTG</strong></a></span>) provides personal and commercial residential insurance, primarily within the U.S. In addition, it offers restoration, emergency and recovery services. HRTG stock is trading at $8.00. Fiscal year 2023 is the first time in two years that the company made a profit.</p>



<p>Currently, HRTG has an <a href="https://finance.yahoo.com/quote/HRTG/key-statistics/">operating margin of 11.87%</a> and a profit margin of 6.07%. Analysts have set an <a href="https://finance.yahoo.com/quote/HRTG/">average price target of $10</a> for the stock, indicating a growth potential of 27.88%. The year-over-year (<strong>YOY</strong>) quarterly revenue growth rate is 8.10%, indicating increasing revenue. This is accompanied by an earnings growth of 1.50%. Also, an EBITDA of $75.38 million and positive cash flow are positive metrics.</p>



<p>Therefore, HRTG has great financials and has seen enormous growth in the past. Its consumer-centric model, as evident by recent <a href="https://finance.yahoo.com/news/heritage-insurance-holdings-inc-announces-200700221.html">rate reductions</a>, is only helping its case. This is definitely one growth stock in which you should invest.</p>



<h2><strong>Carnival Co. (CCL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Carnival Co. </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a>) </span>operates within the leisure travel services sector internationally. But its most well-known services are offered in the North American market. The company sells its cruises through travel agents, tour operators, vacation planners, and both third and first party websites.</p>



<p>Currently, CCL trades at $16.74 with a market cap of $21.405 billion. The company has a thin <a href="https://finance.yahoo.com/quote/CCL/key-statistics/">profit and operating margin, at 1.80% and 5.10%</a> respectively. The YOY quarterly revenue growth rate is 22%, which indicates increasing revenue. While it didn&rsquo;t break even last year, it has consistently beaten EPS predictions in the past three quarters.</p>



<p>While the travel sector is definitely volatile, CCL is going to benefit from the ongoing post-Covid19 travel surge. Analysts have taken stock of this, offering an <a href="https://finance.yahoo.com/quote/CCL/">average price target that is 27.11% higher</a> than the current price, indicating future growth plans. New expansions are extremely <a href="https://finance.yahoo.com/news/cunard-celebrates-record-bookings-following-203200054.html">successful</a>, which also indicates management&rsquo;s competency. This all makes CCL stock a buy under $20.</p>



<p><em>On the date of publication, Achintya Pasricha did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em><em>Publishing Guidelines.</em></a></p>
<div><p>Achintya Pasricha is a self-taught investor who has recently started to publish articles on a freelance basis.</p></div><h3>More From InvestorPlace</h3>
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