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

Key Points

• Charles River Associates (NASDAQ:CRAI) has received a "buy (B-)" rating from Weiss Ratings, reaffirmed on Friday, with a consensus price target of $235.00.
• Recent earnings results showed Charles River Associates reporting $1.88 per share, surpassing estimates and marking a rise in revenue to $186.88 million for the quarter.
• Insider activity included EVP Jonathan D. Yellin selling 1,750 shares of the company, reflecting a 9.18% decrease in his ownership of the stock.

Charles River Associates (NASDAQ:CRAI - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

CRAI has been the subject of a number of other research reports. Wall Street Zen cut shares of Charles River Associates from a "buy" rating to a "hold" rating in a research note on Sunday, October 19th. Barrington Research reiterated an "outperform" rating and issued a $235.00 price objective on shares of Charles River Associates in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $235.00.

Charles River Associates Price Performance

Shares of CRAI traded up $0.14 during trading hours on Friday, hitting $188.26. The stock had a trading volume of 63,709 shares, compared to its average volume of 109,765. The company's fifty day moving average is $194.39 and its two-hundred day moving average is $185.90. Charles River Associates has a 52 week low of $152.57 and a 52 week high of $214.66. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.46 and a beta of 0.90.

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

Insider Activity at Charles River Associates

In related news, EVP Jonathan D. Yellin sold 1,750 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 17,323 shares in the company, valued at approximately $3,246,849.89. This represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles River Associates

Several institutional investors have recently modified their holdings of CRAI. Jump Financial LLC bought a new stake in shares of Charles River Associates in the 1st quarter valued at about $628,000. Quantbot Technologies LP acquired a new stake in Charles River Associates during the 1st quarter worth $360,000. Russell Investments Group Ltd. lifted its holdings in Charles River Associates by 10.7% during the first quarter. Russell Investments Group Ltd. now owns 5,190 shares of the business services provider's stock worth $899,000 after acquiring an additional 501 shares in the last quarter. Strs Ohio bought a new position in Charles River Associates during the first quarter worth about $329,000. Finally, Rhumbline Advisers grew its stake in Charles River Associates by 1.6% in the first quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider's stock valued at $2,201,000 after acquiring an additional 205 shares during the period. 84.13% of the stock is currently owned by institutional investors and hedge funds.

About Charles River Associates

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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