Litchfield Hills Research Issues Positive Forecast for Star Equity (NASDAQ:STRR) Stock Price

Star Equity (NASDAQ:STRR) had its target price hoisted by equities researchers at Litchfield Hills Research from $21.00 to $28.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Litchfield Hills Research’s price objective would suggest a potential upside of 202.54% from the stock’s previous close.

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

Star Equity Trading Down 6.7%

Shares of NASDAQ:STRR traded down $0.67 during midday trading on Monday, hitting $9.26. The company had a trading volume of 34,960 shares, compared to its average volume of 10,038. The company has a current ratio of 2.07, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10. Star Equity has a 12 month low of $8.26 and a 12 month high of $11.99. The firm has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $10.44. The stock has a market cap of $31.84 million, a price-to-earnings ratio of -4.52 and a beta of 0.58.

Star Equity (NASDAQ:STRR) last released its earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.23). The company had revenue of $56.79 million during the quarter, compared to analyst estimates of $59.08 million. Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.27%. On average, analysts predict 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 that occurred on Tuesday, December 30th. The shares were sold at an average price of $9.12, for a total value of $39,808.80. Following the sale, the chief executive officer owned 787,217 shares in the company, valued at $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 is available at this link. In the last three months, insiders acquired 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Manatuck Hill Partners LLC acquired a new position in shares of Star Equity in the 4th quarter valued at about $358,000. Bridgeway Capital Management LLC acquired a new stake in Star Equity during the fourth quarter worth approximately $276,000. Rothschild Wealth LLC bought a new stake in Star Equity in the fourth quarter worth approximately $746,000. RBF Capital LLC bought a new stake in Star Equity in the fourth quarter worth approximately $316,000. Finally, Mink Brook Asset Management LLC acquired a new position in Star Equity in the fourth quarter valued at approximately $3,538,000. 3.84% of the stock is owned by institutional investors and hedge funds.

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.