Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Price Target at $8.88

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.8750.

Several equities research analysts recently commented on the stock. Roth Mkm cut their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. B. Riley Financial cut their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group cut their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th.

Insider Buying and Selling at Hudson Technologies

In other news, Director Jeffrey R. Feeler acquired 5,100 shares of Hudson Technologies stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $4.92 per share, with a total value of $25,092.00. Following the purchase, the director owned 9,165 shares in the company, valued at $45,091.80. This trade represents a 125.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Sheriff acquired 5,200 shares of Hudson Technologies stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $4.88 per share, with a total value of $25,376.00. Following the completion of the purchase, the director owned 9,265 shares in the company, valued at $45,213.20. The trade was a 127.92% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 32,850 shares of company stock valued at $161,120. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in Hudson Technologies in the 3rd quarter valued at $2,058,000. Northwestern Mutual Wealth Management Co. raised its stake in Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after purchasing an additional 268,756 shares during the last quarter. KBC Group NV acquired a new position in Hudson Technologies in the 4th quarter valued at $843,000. Fifth Third Bancorp acquired a new position in Hudson Technologies in the 1st quarter valued at $179,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Hudson Technologies in the 1st quarter valued at $82,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

HDSN stock opened at $5.50 on Friday. The firm has a market cap of $231.39 million, a PE ratio of 17.74 and a beta of 0.81. The firm’s fifty day moving average is $5.71 and its 200 day moving average is $6.54. Hudson Technologies has a one year low of $4.64 and a one year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. Research analysts predict that Hudson Technologies will post 0.34 earnings per share for the current fiscal year.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.