Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $8.88 Average PT from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8.8750.

HDSN has been the subject of a number of analyst reports. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group cut their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th.

Insider Buying and Selling at Hudson Technologies

In other news, Director Jeffrey R. Feeler bought 5,100 shares of Hudson Technologies stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the purchase, the director owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. This trade represents a 125.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hartree Partners, Lp bought 288,111 shares of the stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the acquisition, the insider owned 4,700,000 shares in the company, valued at $27,636,000. The trade was a 6.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 802,286 shares of company stock valued at $4,669,439. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Hudson Technologies

Several large investors have recently added to or reduced their stakes in HDSN. Segall Bryant & Hamill LLC increased its holdings in shares of Hudson Technologies by 248.4% during the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after buying an additional 447,987 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Hudson Technologies by 22.7% in the first quarter. Bank of America Corp DE now owns 102,335 shares of the industrial products company’s stock valued at $602,000 after acquiring an additional 18,931 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Hudson Technologies by 10.3% in the 1st quarter. Empowered Funds LLC now owns 194,555 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 18,142 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Hudson Technologies by 2.2% in the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 3,105 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Hudson Technologies by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after acquiring an additional 105,160 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Trading Down 1.0%

HDSN opened at $6.11 on Friday. The stock’s 50 day simple moving average is $5.60 and its 200-day simple moving average is $6.27. The stock has a market cap of $257.05 million, a PE ratio of 19.71 and a beta of 0.78. Hudson Technologies has a 1 year low of $4.64 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. Equities analysts forecast that Hudson Technologies will post 0.34 earnings per share for the current fiscal year.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.