PIPR Stock Summary and Trading Ideas (Piper Sandler Companies | NYSE:PIPR)

Piper Sandler Cos is an investment banking company. Investment banking services include financial advisory services, management of and participation in underwriting, and public finance activities. It generates maximum revenue from Advisory services followed by Equity financing. The company focuses on the following sectors: healthcare; energy; consumer; diversified industrials and services; business services; technology; financial services; agriculture, clean technologies, and renewables, focusing on middle-market clients.

Piper Sandler Companies trades on the NYSE stock market under the symbol PIPR.

As of April 16, 2024, PIPR stock price declined to $186.26 with 19,677 million shares trading.

PIPR has a beta of 1.58, meaning it tends to be more sensitive to market movements. PIPR has a correlation of 0.41 to the broad based SPY ETF.

PIPR has a market cap of $2.81 billion. This is considered a Mid Cap stock.

Last quarter Piper Sandler Companies reported $472 million in Revenue and $4.03 earnings per share. This beat revenue expectation by $102 million and exceeded earnings estimates by $1.43.

In the last 3 years, PIPR stock traded as high as $202.76 and as low as $102.60.

The top ETF exchange traded funds that PIPR belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PIPR has outperformed the market in the last year with a return of +38.1%, while the SPY ETF gained +24.0%. In the last 3 month period, PIPR beat the market returning +13.5%, while SPY returned +6.2%. However, in the most recent 2 weeks PIPR has underperformed the stock market by returning -5.5%, while SPY returned -3.3%.

PIPR support price is $183.18 and resistance is $191.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PIPR stock will trade within this expected range on the day.