Sterling Check Corp. (NASDAQ:STER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sterling Check Corp. (NASDAQ:STERGet Rating) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.50.

Several research analysts have recently issued reports on STER shares. William Blair restated an “outperform” rating on shares of Sterling Check in a report on Wednesday, November 9th. Morgan Stanley cut their target price on shares of Sterling Check from $23.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, November 10th. Robert W. Baird dropped their price target on Sterling Check from $28.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. KeyCorp dropped their price target on Sterling Check from $29.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, November 10th. Finally, The Goldman Sachs Group raised their price target on Sterling Check from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 19th.

Sterling Check Stock Down 1.0 %

Shares of NASDAQ STER opened at $15.00 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.22 and a quick ratio of 2.22. Sterling Check has a one year low of $12.22 and a one year high of $28.76. The stock has a market capitalization of $1.46 billion, a P/E ratio of 50.00 and a beta of 0.37. The firm’s 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $17.71.

Sterling Check (NASDAQ:STERGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). Sterling Check had a return on equity of 12.52% and a net margin of 3.87%. The firm had revenue of $199.30 million during the quarter, compared to the consensus estimate of $197.53 million. As a group, analysts expect that Sterling Check will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Sterling Check

Several institutional investors and hedge funds have recently added to or reduced their stakes in STER. Envestnet Asset Management Inc. lifted its position in Sterling Check by 36.0% during the first quarter. Envestnet Asset Management Inc. now owns 13,659 shares of the company’s stock valued at $361,000 after buying an additional 3,617 shares during the period. JPMorgan Chase & Co. lifted its position in Sterling Check by 18.5% during the first quarter. JPMorgan Chase & Co. now owns 11,828 shares of the company’s stock valued at $312,000 after buying an additional 1,848 shares during the period. Bank of New York Mellon Corp lifted its position in Sterling Check by 18.8% during the first quarter. Bank of New York Mellon Corp now owns 48,742 shares of the company’s stock valued at $1,288,000 after buying an additional 7,715 shares during the period. MetLife Investment Management LLC lifted its position in Sterling Check by 55.4% during the first quarter. MetLife Investment Management LLC now owns 11,322 shares of the company’s stock valued at $299,000 after buying an additional 4,037 shares during the period. Finally, Rhumbline Advisers lifted its position in Sterling Check by 37.2% during the first quarter. Rhumbline Advisers now owns 18,202 shares of the company’s stock valued at $481,000 after buying an additional 4,939 shares during the period. Hedge funds and other institutional investors own 85.45% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Sterling Check (NASDAQ:STER)

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