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

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment 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 price objective among analysts that have updated their coverage on the stock in the last year is $8.8750.

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

Insider Buying and Selling

In other news, Director Jeffrey R. Feeler acquired 5,100 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the transaction, the director owned 9,165 shares of the company’s stock, valued at $45,091.80. The trade was a 125.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Sheriff acquired 5,200 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the completion of the transaction, the director directly owned 9,265 shares of the company’s stock, valued at $45,213.20. This trade represents a 127.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 32,850 shares of company stock valued at $161,120 over the last 90 days. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hudson Technologies

Several large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC boosted its stake in Hudson Technologies by 248.4% during the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after buying an additional 447,987 shares during the period. Bank of America Corp DE lifted its position in Hudson Technologies by 22.7% during the first quarter. Bank of America Corp DE now owns 102,335 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 18,931 shares during the last quarter. Empowered Funds LLC lifted its position in Hudson Technologies by 10.3% during the first quarter. Empowered Funds LLC now owns 194,555 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 18,142 shares during the last quarter. First Trust Advisors LP lifted its position in Hudson Technologies by 2.2% during the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Hudson Technologies by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock valued at $12,631,000 after purchasing an additional 105,160 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Down 0.2%

Shares of NASDAQ:HDSN opened at $5.56 on Tuesday. The firm has a market capitalization of $233.91 million, a PE ratio of 17.94 and a beta of 0.81. Hudson Technologies has a twelve month low of $4.64 and a twelve month high of $10.52. The company has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $6.39.

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

About Hudson Technologies

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.