Charles River Associates (NASDAQ:CRAI) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Charles River Associates (NASDAQ:CRAI) received a restated "buy (B-)" rating from Weiss Ratings, while Wall Street Zen downgraded it from "buy" to "hold" recently.
• The stock price dropped 4.9% on Wednesday to $182.18, with a market cap of $1.20 billion and a 50-day moving average of $194.94.
• Charles River Associates reported an EPS of $1.88 for the last quarter, exceeding estimates, and has set FY 2025 guidance targeting 7.52 earnings per share for the current fiscal year.

Charles River Associates (NASDAQ:CRAI - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

CRAI has been the topic of several other research reports. Wall Street Zen lowered Charles River Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barrington Research reiterated an "outperform" rating and issued a $235.00 price target on shares of Charles River Associates in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $235.00.

Charles River Associates Trading Down 4.9%

NASDAQ CRAI traded down $9.41 during trading hours on Wednesday, hitting $182.18. 132,780 shares of the company's stock were exchanged, compared to its average volume of 114,670. The stock has a 50-day simple moving average of $194.94 and a 200 day simple moving average of $185.11. Charles River Associates has a 1-year low of $152.57 and a 1-year high of $214.66. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.49 and a beta of 0.90.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.83 by $0.05. Charles River Associates had a return on equity of 25.51% and a net margin of 7.93%.The business had revenue of $186.88 million during the quarter, compared to analysts' expectations of $180.34 million. Charles River Associates has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current fiscal year.

Insider Activity at Charles River Associates

In other news, EVP Jonathan D. Yellin sold 1,750 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $187.43, for a total value of $328,002.50. Following the completion of the transaction, the executive vice president directly owned 17,323 shares of the company's stock, valued at $3,246,849.89. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles River Associates

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Charles River Associates by 1.9% during the second quarter. Geode Capital Management LLC now owns 171,401 shares of the business services provider's stock valued at $32,120,000 after purchasing an additional 3,138 shares in the last quarter. CSM Advisors LLC bought a new stake in Charles River Associates during the 2nd quarter valued at approximately $4,923,000. Jump Financial LLC boosted its position in Charles River Associates by 422.5% during the 2nd quarter. Jump Financial LLC now owns 18,950 shares of the business services provider's stock valued at $3,551,000 after acquiring an additional 15,323 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Charles River Associates by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 13,049 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 343 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Charles River Associates by 243.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,511 shares of the business services provider's stock worth $2,157,000 after acquiring an additional 8,163 shares during the last quarter. Institutional investors own 84.13% of the company's stock.

Charles River Associates Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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