Star Equity (NASDAQ:STRR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Star Equity (NASDAQ:STRR) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Litchfield Hills Research increased their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $28.00.

Star Equity Stock Performance

Star Equity stock opened at $10.64 on Monday. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $39.37 million, a PE ratio of -4.05 and a beta of 0.51. The firm has a fifty day simple moving average of $11.08 and a two-hundred day simple moving average of $10.39. Star Equity has a twelve month low of $8.38 and a twelve month high of $11.99.

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

Insider Activity

In other news, CEO Jeffrey E. Eberwein acquired 13,799 shares of the stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $10.09 per share, with a total value of $139,231.91. Following the completion of the purchase, the chief executive officer owned 1,054,780 shares in the company, valued at approximately $10,642,730.20. The trade was a 1.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 78,630 shares of company stock valued at $880,724 in the last 90 days. 31.60% of the stock is currently owned by insiders.

Institutional Trading of Star Equity

Several large investors have recently modified their holdings of STRR. Geode Capital Management LLC purchased a new position in Star Equity during the 4th quarter valued at about $352,000. Heartland Advisors Inc. bought a new stake in shares of Star Equity in the 4th quarter worth approximately $140,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity in the 4th quarter worth approximately $629,000. Renaissance Technologies LLC bought a new stake in shares of Star Equity in the 4th quarter worth approximately $886,000. Finally, DRW Securities LLC purchased a new position in shares of Star Equity during the fourth quarter valued at approximately $268,000. 3.84% of the stock is owned by institutional investors.

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.