Star Equity (NASDAQ:STRR) Price Target Raised to $28.00

Star Equity (NASDAQ:STRR) had its price objective hoisted by equities researchers at Litchfield Hills Research from $21.00 to $28.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Litchfield Hills Research’s price objective indicates a potential upside of 202.54% from the company’s current price.

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

Star Equity Stock Down 6.7%

Shares of NASDAQ STRR traded down $0.67 during midday trading on Monday, hitting $9.26. 34,960 shares of the stock traded hands, compared to its average volume of 10,038. The company has a market cap of $31.84 million, a PE ratio of -4.52 and a beta of 0.58. Star Equity has a one year low of $8.26 and a one year high of $11.99. The business has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $10.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07.

Star Equity (NASDAQ:STRR) last issued its earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). Star Equity had a negative return on equity of 1.27% and a negative net margin of 3.44%.The firm had revenue of $56.79 million during the quarter, compared to the consensus estimate of $59.08 million. On average, equities analysts predict that Star Equity will post -1.2 EPS for the current year.

Insider Activity

In other news, CEO Jeffrey E. Eberwein sold 4,365 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 787,217 shares in the company, valued at $7,179,419.04. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 16,977 shares of company stock valued at $190,728 and have sold 23,000 shares valued at $213,783. 10.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STRR. Mink Brook Asset Management LLC bought a new position in shares of Star Equity during the 4th quarter valued at approximately $3,538,000. Renaissance Technologies LLC purchased a new position in Star Equity in the fourth quarter valued at approximately $886,000. Rothschild Wealth LLC bought a new position in Star Equity during the fourth quarter valued at $746,000. Dimensional Fund Advisors LP purchased a new stake in Star Equity in the fourth quarter worth $629,000. Finally, Geode Capital Management LLC bought a new stake in shares of Star Equity in the fourth quarter valued at $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.