$FRG is a personal services company that provides federal and state income tax preparation services + related products for tax settlement. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax brand names. Liberty Tax also provides online DIY tax programs in the US. The company derives most of its revenue from franchise fees, royalties, and advertising fees related to its franchise locations; the sale of financial products and tax preparation service fees also contribute significant percentages to the company's total revenue. Liberty Tax also operates a smaller portfolio of wholly-owned corporate offices.
What's interesting about the stock -
On 24.05.21, the company's CEO bought shares at the market price ($36) for $38 million!
Additionally, the company's VP also purchased at the market price ($36) on 01.06.21 for $1.8 million!
(*Documentation attached*)
Analysts: Oppenheimer gives a price target of $50 in a review published on 06.05.21. Barrington gives a price target of $48 in a review published on 07.05.21. According to these reviews, there is an upside of 29% on the current market price. Technically: current price: $37.60; first target in my opinion: $40; second target in my opinion: $44; debt-to-equity ratio: 0.68
Nothing written should be considered a recommendation to act!