Star Equity (NASDAQ:STRR) Stock Rating Upgraded by Zacks Research

Star Equity (NASDAQ:STRR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

STRR has been the topic of several other research reports. Litchfield Hills Research boosted their price target on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Star Equity has a consensus rating of “Hold” and an average price target of $28.00.

Star Equity Stock Performance

NASDAQ:STRR opened at $10.64 on Monday. The firm has a market capitalization of $39.37 million, a PE ratio of -4.05 and a beta of 0.51. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. Star Equity has a 12-month low of $8.38 and a 12-month high of $11.99. The firm has a 50-day moving average price of $11.08 and a 200 day moving average price of $10.39.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The company had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Research analysts anticipate that Star Equity will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other Star Equity news, CEO Jeffrey E. Eberwein bought 13,799 shares of Star Equity stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $10.09 per share, with a total value of $139,231.91. Following the acquisition, the chief executive officer directly owned 1,054,780 shares of the company’s stock, valued at $10,642,730.20. The trade was a 1.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 78,630 shares of company stock valued at $880,724 in the last three months. Insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Star Equity

Institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. bought a new stake in shares of Star Equity during the fourth quarter worth $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter worth about $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the 4th quarter worth about $276,000. RBF Capital LLC bought a new stake in Star Equity during the 4th quarter worth about $316,000. Finally, Geode Capital Management LLC bought a new stake in Star Equity during the 4th quarter worth about $352,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.