Sterling Check (NASDAQ:STER) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC began coverage on shares of Sterling Check (NASDAQ:STERGet Rating) in a report released on Tuesday, The Fly reports. The firm issued a buy rating on the stock.

Separately, Morgan Stanley upped their price objective on Sterling Check from $24.00 to $25.00 and gave the stock an equal weight rating in a research report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Sterling Check has an average rating of Moderate Buy and a consensus price target of $28.63.

Sterling Check Trading Down 2.4 %

STER opened at $19.92 on Tuesday. The stock has a market capitalization of $1.92 billion and a PE ratio of -284.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.99 and a current ratio of 1.99. Sterling Check has a one year low of $14.65 and a one year high of $28.99. The business’s 50 day moving average price is $20.43 and its 200 day moving average price is $20.97.

Sterling Check (NASDAQ:STERGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $205.59 million for the quarter, compared to analyst estimates of $191.64 million. Sterling Check had a positive return on equity of 10.37% and a negative net margin of 0.64%. The company’s revenue was up 29.0% on a year-over-year basis. As a group, equities research analysts expect that Sterling Check will post 1.02 EPS for the current year.

Insider Buying and Selling at Sterling Check

In other Sterling Check news, insider Steven L. Barnett sold 3,465 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $23.03, for a total value of $79,798.95. Following the completion of the transaction, the insider now owns 138,691 shares in the company, valued at $3,194,053.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Steven L. Barnett sold 3,332 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $23.00, for a total transaction of $76,636.00. Following the completion of the transaction, the insider now directly owns 148,426 shares of the company’s stock, valued at $3,413,798. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven L. Barnett sold 3,465 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $23.03, for a total transaction of $79,798.95. Following the transaction, the insider now directly owns 138,691 shares of the company’s stock, valued at $3,194,053.73. The disclosure for this sale can be found here. Insiders sold 6,996 shares of company stock worth $161,012 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in shares of Sterling Check by 1,854.1% during the 2nd quarter. Legal & General Group Plc now owns 29,234 shares of the company’s stock worth $477,000 after purchasing an additional 27,738 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Sterling Check by 1.1% during the 2nd quarter. Macquarie Group Ltd. now owns 122,445 shares of the company’s stock worth $1,997,000 after purchasing an additional 1,281 shares in the last quarter. Dark Forest Capital Management LP increased its stake in shares of Sterling Check by 210.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 1,824 shares of the company’s stock worth $30,000 after purchasing an additional 1,237 shares in the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of Sterling Check by 104.8% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 21,261 shares of the company’s stock worth $347,000 after purchasing an additional 10,880 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Sterling Check by 54.2% during the 2nd quarter. State Street Corp now owns 406,745 shares of the company’s stock worth $6,634,000 after purchasing an additional 142,940 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

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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