Sterling Check Corp. (NASDAQ:STER – Get Free Report) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.86.
Several brokerages have recently weighed in on STER. The Goldman Sachs Group lifted their price target on shares of Sterling Check from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet upgraded shares of Sterling Check from a “d+” rating to a “c-” rating in a research report on Friday, September 1st.
Insiders Place Their Bets
Hedge Funds Weigh In On Sterling Check
Institutional investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL purchased a new position in shares of Sterling Check during the second quarter valued at $295,000. Alliancebernstein L.P. grew its holdings in Sterling Check by 124.2% during the 2nd quarter. Alliancebernstein L.P. now owns 40,580 shares of the company’s stock worth $498,000 after acquiring an additional 22,480 shares in the last quarter. Wells Fargo & Company MN increased its position in Sterling Check by 87.9% during the 2nd quarter. Wells Fargo & Company MN now owns 10,930 shares of the company’s stock valued at $134,000 after purchasing an additional 5,113 shares during the period. Lazard Asset Management LLC raised its holdings 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 purchasing an additional 728,411 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Sterling Check by 129.0% in the 2nd quarter. Royal Bank of Canada now owns 3,034 shares of the company’s stock worth $38,000 after purchasing an additional 1,709 shares during the period. 80.90% of the stock is owned by hedge funds and other institutional investors.
Sterling Check Price Performance
NASDAQ STER opened at $13.41 on Tuesday. 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 1-year low of $10.57 and a 1-year high of $23.00. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 670.50 and a beta of 0.11. The business’s fifty day moving average price is $12.86 and its 200-day moving average price is $12.25.
Sterling Check (NASDAQ:STER – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Sterling Check had a return on equity of 10.15% and a net margin of 0.34%. The business had revenue of $190.38 million for the quarter, compared to analysts’ expectations of $193.06 million. On average, equities analysts predict that Sterling Check will post 0.86 earnings per share for the current year.
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.
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