Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) Target Price at $8.62

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.6250.

Several brokerages have issued reports on HDSN. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Canaccord Genuity Group decreased their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $5.64 on Wednesday. The stock’s 50 day simple moving average is $5.93 and its 200-day simple moving average is $6.09. The company has a market cap of $237.38 million, a PE ratio of 28.20 and a beta of 0.78. Hudson Technologies has a 1-year low of $4.64 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The firm had revenue of $78.35 million for the quarter, compared to analysts’ expectations of $74.20 million. On average, equities research analysts anticipate that Hudson Technologies will post 0.17 EPS for the current fiscal year.

Insider Transactions at Hudson Technologies

In other Hudson Technologies news, major shareholder Hartree Partners, Lp acquired 5,198 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $5.50 per share, for a total transaction of $28,589.00. Following the acquisition, the insider owned 5,099,388 shares in the company, valued at approximately $28,046,634. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 892,288 shares of company stock worth $5,241,655. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Hudson Technologies during the fourth quarter worth approximately $28,000. Quarry LP grew its holdings in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Hudson Technologies in the 4th quarter worth $62,000. Tower Research Capital LLC TRC increased its stake in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 3,532 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.