Sterling Check (NASDAQ:STER) Rating Increased to Hold at Zacks Investment Research

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

Other equities analysts have also issued research reports about the company. Barclays decreased their price target on Sterling Check from $22.00 to $18.00 and set a “na” rating on the stock in a research note on Monday. KeyCorp raised their price objective on Sterling Check from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, April 1st. Robert W. Baird reduced their target price on Sterling Check from $34.00 to $31.00 in a report on Thursday, March 3rd. Finally, Morgan Stanley downgraded Sterling Check from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a research note on Monday, April 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Sterling Check has an average rating of “Buy” and a consensus price target of $28.33.

NASDAQ:STER opened at $18.04 on Friday. Sterling Check has a twelve month low of $17.27 and a twelve month high of $28.99. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $24.20 and its 200 day simple moving average is $22.52.

Sterling Check (NASDAQ:STERGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $192.00 million during the quarter, compared to the consensus estimate of $167.05 million. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, analysts expect that Sterling Check will post 0.97 EPS for the current year.

Several institutional investors have recently made changes to their positions in STER. Wellington Management Group LLP boosted its position in shares of Sterling Check by 53.7% during the 1st quarter. Wellington Management Group LLP now owns 5,322,934 shares of the company’s stock valued at $140,685,000 after acquiring an additional 1,860,674 shares during the last quarter. BlackRock Inc. increased its position in shares of Sterling Check by 29.0% in the first quarter. BlackRock Inc. now owns 1,881,118 shares of the company’s stock valued at $49,719,000 after buying an additional 422,576 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Sterling Check by 29.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,618,657 shares of the company’s stock worth $42,781,000 after buying an additional 367,741 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of Sterling Check in the 3rd quarter worth about $40,209,000. Finally, Vanguard Group Inc. increased its holdings in Sterling Check by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,285,303 shares of the company’s stock worth $33,970,000 after purchasing an additional 7,755 shares during the last quarter. 85.46% of the stock is owned by hedge funds and other 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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