Sterling Check (NASDAQ:STER) Given New $16.00 Price Target at The Goldman Sachs Group

Sterling Check (NASDAQ:STER) had its price target boosted by The Goldman Sachs Group from $14.00 to $16.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, Stifel Nicolaus reduced their price objective on shares of Sterling Check from $19.00 to $18.00 in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sterling Check currently has an average rating of Moderate Buy and an average price target of $16.86.

Sterling Check Price Performance

NASDAQ STER opened at $13.87 on Tuesday. The firm has a market capitalization of $1.34 billion, a PE ratio of 693.50 and a beta of 0.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.80 and a quick ratio of 1.80. Sterling Check has a 12 month low of $10.57 and a 12 month high of $23.00. The company’s 50 day simple moving average is $12.82 and its 200 day simple moving average is $12.24.

Sterling Check (NASDAQ:STER) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $190.38 million for the quarter, compared to analysts’ expectations of $193.06 million. Sterling Check had a return on equity of 10.15% and a net margin of 0.34%. As a group, equities research analysts forecast that Sterling Check will post 0.86 EPS for the current fiscal year.

Insider Transactions at Sterling Check

In other news, insider Steven L. Barnett sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $13.20, for a total value of $132,000.00. Following the sale, the insider now directly owns 270,535 shares in the company, valued at approximately $3,571,062. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Steven L. Barnett sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $13.20, for a total value of $132,000.00. Following the transaction, the insider now directly owns 270,535 shares of the company’s stock, valued at approximately $3,571,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adrian M. Jones sold 1,145,486 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $11.73, for a total value of $13,436,550.78. Following the completion of the transaction, the director now directly owns 50,099,392 shares in the company, valued at approximately $587,665,868.16. The disclosure for this sale can be found here. In the last three months, insiders sold 10,155,486 shares of company stock valued at $119,138,551. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Sterling Check

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Sterling Check by 53.7% during the first quarter. Wellington Management Group LLP now owns 5,322,934 shares of the company’s stock worth $140,685,000 after purchasing an additional 1,860,674 shares during the period. Progeny 3 Inc. grew its position in shares of Sterling Check by 19.5% during the 2nd quarter. Progeny 3 Inc. now owns 3,838,912 shares of the company’s stock worth $47,065,000 after buying an additional 626,400 shares during the period. BlackRock Inc. increased its stake in shares of Sterling Check by 2.4% in the 3rd quarter. BlackRock Inc. now owns 2,888,941 shares of the company’s stock valued at $50,960,000 after acquiring an additional 66,555 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Sterling Check by 59.2% in the 2nd quarter. Lazard Asset Management LLC now owns 1,959,579 shares of the company’s stock valued at $24,024,000 after acquiring an additional 728,411 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Sterling Check by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,933,786 shares of the company’s stock worth $34,111,000 after acquiring an additional 131,575 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Sterling Check Company Profile

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.