Hercules Capital (NYSE:HTGC) Price Target Raised to $19.00 at Wells Fargo & Company

Hercules Capital (NYSE:HTGCGet Rating) had its target price hoisted by research analysts at Wells Fargo & Company from $18.50 to $19.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.79% from the company’s previous close.

Several other analysts also recently commented on HTGC. Piper Sandler downgraded Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday, April 4th. StockNews.com assumed coverage on Hercules Capital in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Keefe, Bruyette & Woods downgraded Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a research report on Friday. Finally, Compass Point cut Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Tuesday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and an average target price of $18.47.

Shares of HTGC opened at $17.96 on Monday. The business’s fifty day simple moving average is $17.95 and its two-hundred day simple moving average is $17.41. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.94. Hercules Capital has a 12 month low of $15.91 and a 12 month high of $19.09. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 0.56 and a beta of 1.40.

Hercules Capital (NYSE:HTGCGet Rating) last issued its earnings results on Tuesday, February 22nd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Hercules Capital had a return on equity of 11.28% and a net margin of 61.98%. The business had revenue of $72.50 million for the quarter, compared to the consensus estimate of $70.86 million. During the same period last year, the business posted $0.37 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that Hercules Capital will post 1.35 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank N A MO acquired a new stake in Hercules Capital in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Hercules Capital in the third quarter worth approximately $33,000. Bessemer Group Inc. acquired a new stake in shares of Hercules Capital in the fourth quarter worth approximately $33,000. CWM LLC acquired a new stake in shares of Hercules Capital in the fourth quarter worth approximately $48,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hercules Capital by 122.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,335 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,835 shares during the last quarter. 26.74% of the stock is currently owned by institutional investors.

About Hercules Capital (Get Rating)

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

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