Charles River Associates (NASDAQ:CRAI) Shares Up 6.8% – What’s Next?

Charles River Associates (NASDAQ:CRAI)’s share price rose 6.8% during trading on Wednesday . The stock traded as high as $190.49 and last traded at $192.23. Approximately 34,832 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 166,286 shares. The stock had previously closed at $179.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

Charles River Associates Trading Up 7.4%

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.27 and a beta of 0.69. The business has a fifty day moving average of $152.39 and a two-hundred day moving average of $163.64.

Charles River Associates (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.99 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.03). The business had revenue of $200.97 million during the quarter, compared to analyst estimates of $193.81 million. Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. On average, research analysts forecast that Charles River Associates will post 8.52 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Tuesday, May 26th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.2%. Charles River Associates’s dividend payout ratio (DPR) is currently 31.67%.

Insider Buying and Selling

In related news, EVP Jonathan D. Yellin sold 2,250 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $147.72, for a total value of $332,370.00. Following the completion of the sale, the executive vice president owned 13,247 shares of the company’s stock, valued at approximately $1,956,846.84. The trade was a 14.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.50% of the company’s stock.

Institutional Trading of Charles River Associates

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of Charles River Associates by 86.6% during the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock worth $17,052,000 after purchasing an additional 48,892 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Charles River Associates by 140.2% in the 4th quarter. BNP Paribas Financial Markets now owns 44,555 shares of the business services provider’s stock valued at $8,942,000 after buying an additional 26,003 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Charles River Associates by 3.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock worth $881,000 after buying an additional 134 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Charles River Associates by 25.0% in the 4th quarter. New York State Common Retirement Fund now owns 7,495 shares of the business services provider’s stock worth $1,504,000 after buying an additional 1,500 shares during the last quarter. Finally, Jump Financial LLC increased its stake in Charles River Associates by 72.3% during the 3rd quarter. Jump Financial LLC now owns 32,642 shares of the business services provider’s stock worth $6,807,000 after buying an additional 13,692 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Charles River Associates Company Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.