Barrington Research Issues Positive Forecast for HireQuest (NASDAQ:HQI) Stock Price

HireQuest (NASDAQ:HQI) had its target price hoisted by stock analysts at Barrington Research from $13.00 to $15.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 22.59% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of HireQuest in a research report on Friday, April 10th. DA Davidson reaffirmed a “buy” rating and set a $15.00 price objective on shares of HireQuest in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, HireQuest has an average rating of “Moderate Buy” and an average target price of $15.00.

HireQuest Stock Down 1.2%

Shares of HireQuest stock traded down $0.15 on Monday, hitting $12.24. 10,153 shares of the company were exchanged, compared to its average volume of 22,041. The stock has a market capitalization of $170.08 million, a price-to-earnings ratio of 26.94 and a beta of 1.08. The company has a 50-day moving average price of $10.80 and a 200 day moving average price of $10.25. HireQuest has a 1-year low of $7.38 and a 1-year high of $13.19.

HireQuest (NASDAQ:HQI) last issued its earnings results on Tuesday, May 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. HireQuest had a return on equity of 14.90% and a net margin of 21.98%.The business had revenue of $6.52 million for the quarter, compared to analysts’ expectations of $6.75 million. Research analysts forecast that HireQuest will post 0.53 EPS for the current year.

Hedge Funds Weigh In On HireQuest

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of HireQuest by 1.9% during the fourth quarter. State Street Corp now owns 76,866 shares of the company’s stock worth $808,000 after buying an additional 1,451 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of HireQuest by 47.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,333 shares of the company’s stock valued at $67,000 after buying an additional 2,031 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HireQuest by 4.3% in the second quarter. Geode Capital Management LLC now owns 139,141 shares of the company’s stock valued at $1,393,000 after buying an additional 5,685 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of HireQuest by 158.0% in the fourth quarter. Deutsche Bank AG now owns 10,945 shares of the company’s stock valued at $115,000 after buying an additional 6,702 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of HireQuest by 67.8% in the second quarter. Russell Investments Group Ltd. now owns 26,303 shares of the company’s stock valued at $263,000 after buying an additional 10,627 shares in the last quarter. Hedge funds and other institutional investors own 12.00% of the company’s stock.

About HireQuest

HireQuest, Inc is a publicly traded holding company that provides equipment rental and workforce solutions across North America through two primary operating subsidiaries. Its Coast Equipment Rentals division offers a broad range of support equipment—such as pumps, trench safety systems, power and HVAC units, air compressors, light towers and generators—to the construction, industrial, municipal and environmental markets. Coast Equipment Rentals operates more than 135 branch locations in 36 U.S.