Star Equity (NASDAQ:STRR) Upgraded at Zacks Research

Zacks Research upgraded shares of Star Equity (NASDAQ:STRR) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on STRR. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Litchfield Hills Research boosted their price target on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Star Equity presently has an average rating of “Hold” and a consensus price target of $28.00.

Star Equity Stock Performance

Star Equity stock opened at $10.47 on Monday. The company has a market cap of $38.74 million, a price-to-earnings ratio of -3.98 and a beta of 0.51. Star Equity has a 12 month low of $8.38 and a 12 month high of $11.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The stock’s 50-day moving average is $11.10 and its 200-day moving average is $10.38.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.04). The company had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Equities analysts anticipate that Star Equity will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Star Equity

In other Star Equity news, CEO Jeffrey E. Eberwein acquired 4,766 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of $11.16 per share, with a total value of $53,188.56. Following the transaction, the chief executive officer directly owned 1,115,714 shares in the company, valued at approximately $12,451,368.24. This represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 78,630 shares of company stock worth $880,724. 31.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Star Equity

Several institutional investors have recently made changes to their positions in the stock. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter valued at approximately $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the 4th quarter valued at approximately $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter worth $316,000. Finally, Geode Capital Management LLC bought a new position in Star Equity during the 4th quarter worth $352,000. 3.84% of the stock is owned by institutional investors.

About Star Equity

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.