Shares of Sterling Check Corp. (NASDAQ:STER – Get Rating) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $29.25.
Several brokerages have recently weighed in on STER. KeyCorp raised their target price on Sterling Check from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. Zacks Investment Research raised Sterling Check from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley downgraded Sterling Check from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research note on Monday, April 11th. Robert W. Baird dropped their price target on Sterling Check from $34.00 to $31.00 in a research note on Thursday, March 3rd. Finally, Barclays dropped their price target on Sterling Check from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 16th.
A number of hedge funds have recently bought and sold shares of STER. Goldman Sachs Group Inc. purchased a new stake in shares of Sterling Check during the third quarter worth about $1,556,386,000. ArrowMark Colorado Holdings LLC purchased a new stake in Sterling Check in the 3rd quarter valued at about $40,209,000. Lazard Asset Management LLC acquired a new position in shares of Sterling Check during the 4th quarter valued at about $25,656,000. Capital World Investors purchased a new position in shares of Sterling Check during the 3rd quarter worth about $28,167,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Sterling Check in the third quarter worth approximately $23,413,000. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
Sterling Check (NASDAQ:STER – Get Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $173.60 million during the quarter, compared to analyst estimates of $152.50 million. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. On average, equities research analysts predict that Sterling Check will post 0.98 EPS for the current fiscal year.
Sterling Check Company Profile (Get Rating)
Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.
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