Star Equity (NASDAQ:STRR) Given New $28.00 Price Target at Litchfield Hills Research

Star Equity (NASDAQ:STRR) had its target price increased by Litchfield Hills Research from $21.00 to $28.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. Noble Financial raised Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.50.

Star Equity Stock Performance

Star Equity stock opened at $9.69 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $33.33 million, a P/E ratio of -4.73 and a beta of 0.58. Star Equity has a 1-year low of $8.26 and a 1-year high of $11.99. The firm has a 50-day moving average of $10.09 and a 200-day moving average of $10.49.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The business had revenue of $56.79 million for the quarter, compared to analysts’ expectations of $59.08 million. Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.27%. Sell-side analysts expect that Star Equity will post -1.2 EPS for the current year.

Insiders Place Their Bets

In other Star Equity news, CEO Jeffrey E. Eberwein sold 4,365 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $9.12, for a total transaction of $39,808.80. Following the completion of the transaction, the chief executive officer owned 787,217 shares of the company’s stock, valued at approximately $7,179,419.04. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 16,977 shares of company stock valued at $190,728 and sold 23,000 shares valued at $213,783. 10.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mink Brook Asset Management LLC bought a new stake in Star Equity during the fourth quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the 4th quarter worth approximately $886,000. Rothschild Wealth LLC bought a new position in Star Equity during the 4th quarter valued at approximately $746,000. Dimensional Fund Advisors LP bought a new position in Star Equity during the 4th quarter valued at approximately $629,000. Finally, Manatuck Hill Partners LLC purchased a new position in Star Equity during the fourth quarter valued at $358,000. 3.84% of the stock is currently owned by institutional investors.

Star Equity Company Profile

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.