Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Hudson Technologies has a consensus “Hold” rating from six analysts: one Sell, three Holds and two Buys. The average 12-month price target is $8.625, versus a recent share price of $5.35.
• The company’s latest quarterly earnings came in below expectations, with EPS of $0.12 versus the $0.18 consensus, although revenue of $78.35 million exceeded estimates of $74.20 million.
• Insider and institutional interest remains notable: insiders bought nearly 1 million shares over the past 90 days, while institutional investors own 71.34% of the stock.

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $8.6250.

A number of analysts recently issued reports on the company. Weiss Ratings downgraded Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Hudson Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, August 6th.

Insiders Place Their Bets

In other news, major shareholder Hartree Partners, Lp acquired 5,317 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $5.10 per share, with a total value of $27,116.70. Following the completion of the purchase, the insider directly owned 5,205,317 shares in the company, valued at approximately $26,547,116.70. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 998,217 shares of company stock valued at $5,822,138. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HDSN. BlackRock Inc. bought a new position in Hudson Technologies in the 2nd quarter valued at $16,303,000. Westerly Capital Management LLC lifted its position in shares of Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company's stock worth $16,240,000 after purchasing an additional 775,000 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in Hudson Technologies by 248.4% in the 1st 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. Marshall Wace LLP boosted its holdings in shares of Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company's stock valued at $3,186,000 after purchasing an additional 339,543 shares during the period. Finally, JB Capital Partners LP bought a new position in shares of Hudson Technologies during the 2nd quarter worth $1,757,588. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Performance

NASDAQ HDSN opened at $5.35 on Friday. The stock has a 50 day moving average price of $5.86 and a 200-day moving average price of $5.92. Hudson Technologies has a one year low of $4.64 and a one year high of $10.52. The company has a market capitalization of $225.18 million, a P/E ratio of 26.75 and a beta of 0.77.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). The business had revenue of $78.35 million during the quarter, compared to analysts' expectations of $74.20 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. As a group, equities analysts predict that Hudson Technologies will post 0.17 EPS for the current fiscal year.

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.

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