Here’s Why Lipocine Inc. (LPCN), Zillow Group Inc. (ZG) and Three Other Stocks Are Gaining Ground Today

Etsy Inc. (NASDAQ:ETSY) stock is in the green following a price target boost from Citigroup, with analyst Mark Kelley increasing the price target to $20 from $16. The analyst maintained a ‘Buy’ rating on the stock and stated that despite the rally registered by the stock (it is up by nearly 90% year-to-date), it still has more room to grow. A total of 16 investors tracked by us, were long Etsy Inc. (NASDAQ:ETSY), holding around $200 million worth of stock at the end of June, compared to 15 funds that had amassed $162 million worth of shares at the end of March.

Universal Insurance Holdings Inc. (NYSE:UVE) stock is trading 17% higher, while shares of Heritage Insurance Holdings Inc. (NYSE:HRTG) are 7% in the green. In fact, he stocks of most insurance companies that have exposure to Florida are trading higher as the impact of the Hurricane Matthew have been revised downwards. Heritage Insurance Holdings has issued a statement, citing its Chairman and CEO Bruce Lucas, who said at the CNBC’s “Closing Bell” that the estimated losses are better than they were on Wednesday and that Heritage estimates the losses to be at $500 million, which are well below its $1.9 billion catastrophe reinsurance coverage tower. Heritage also said in the statement that “losses sustained based on the storm’s projected path can be absorbed by the insurance providers and the reinsurance industry.” At the end of June, 19 investors we track were long Universal Insurance Holdings Inc. (NYSE:UVE), down from 20 funds a quarter earlier, while the number of funds bullish on Heritage Insurance Holdings Inc. (NYSE:HRTG) inched up by one to 14 during the second quarter.

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