Sterling Check (NASDAQ:STER) Upgraded by Zacks Investment Research to “Hold”

Sterling Check (NASDAQ:STERGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Sterling Check Corp. provides technology-enabled background screening, verification, workforce monitoring and health screening services for businesses. Sterling Check Corp. is based in NEW YORK. “

STER has been the topic of a number of other research reports. KeyCorp raised their price target on shares of Sterling Check from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, April 1st. Morgan Stanley lowered shares of Sterling Check from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a report on Monday, April 11th. Barclays cut their price target on shares of Sterling Check from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 16th. Finally, Robert W. Baird cut their price target on shares of Sterling Check from $34.00 to $31.00 in a report on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Sterling Check presently has an average rating of “Buy” and a consensus target price of $28.78.

STER stock opened at $24.65 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.54 and a quick ratio of 1.54. Sterling Check has a one year low of $17.27 and a one year high of $28.99. The firm has a 50 day simple moving average of $24.41 and a two-hundred day simple moving average of $22.76.

Sterling Check (NASDAQ:STERGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $173.60 million during the quarter, compared to the consensus estimate of $152.50 million. Sterling Check’s revenue was up 35.1% on a year-over-year basis. As a group, sell-side analysts expect that Sterling Check will post 0.98 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in Sterling Check by 49.0% during the 4th quarter. Legal & General Group Plc now owns 1,490 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Sei Investments Co. lifted its position in Sterling Check by 1.6% during the 4th quarter. Sei Investments Co. now owns 45,195 shares of the company’s stock valued at $922,000 after acquiring an additional 693 shares during the period. Citigroup Inc. purchased a new position in Sterling Check during the 3rd quarter valued at about $33,000. UBS Group AG purchased a new position in Sterling Check during the 3rd quarter valued at about $34,000. Finally, New York State Common Retirement Fund purchased a new position in Sterling Check during the 4th quarter valued at about $51,000. 85.46% of the stock is owned by institutional investors.

About Sterling Check (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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