B. Riley Analysts Decrease Earnings Estimates for Hudson Technologies, Inc. (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Research analysts at B. Riley decreased their FY2025 earnings per share estimates for shares of Hudson Technologies in a research note issued on Thursday, May 2nd. B. Riley analyst J. Nichols now forecasts that the industrial products company will earn $0.90 per share for the year, down from their previous estimate of $1.14. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.74 per share.

HDSN has been the subject of several other reports. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $10.00 in a research note on Thursday, May 2nd. Canaccord Genuity Group reiterated a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Roth Mkm cut their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Craig Hallum decreased their price target on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Hudson Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $12.40.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $9.42 on Monday. The stock has a 50-day simple moving average of $11.26 and a 200 day simple moving average of $12.42. The stock has a market capitalization of $428.70 million, a P/E ratio of 9.61, a PEG ratio of 0.41 and a beta of 1.00. Hudson Technologies has a 52 week low of $7.56 and a 52 week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $65.25 million during the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. During the same quarter last year, the firm posted $0.33 EPS.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in Hudson Technologies by 83.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 144,682 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Hudson Technologies during the third quarter worth approximately $172,000. SG Americas Securities LLC bought a new position in Hudson Technologies during the 3rd quarter worth $301,000. Robertson Stephens Wealth Management LLC raised its holdings in Hudson Technologies by 4.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 81,581 shares of the industrial products company’s stock valued at $1,101,000 after acquiring an additional 3,191 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hudson Technologies by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock valued at $4,726,000 after acquiring an additional 7,175 shares during the period. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.