Hudson Technologies, Inc. (NASDAQ:HDSN) Stock Has Average Target Price of $8.62

Key Points

• Analyst sentiment is mixed: Hudson Technologies has a consensus “Hold” rating from five analysts, with an average 12-month price target of $8.62 versus a recent share price of $5.37.
• The company reported quarterly earnings of $0.12 per share, missing the $0.18 consensus estimate, although revenue of $78.35 million exceeded expectations of $74.20 million.
• Insiders and institutional investors have shown buying interest: insiders purchased 306,431 shares over the past 90 days, while institutional investors own 71.34% of the company.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.62.

HDSN has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th.

Hudson Technologies Price Performance

HDSN stock opened at $5.37 on Monday. The company's 50-day simple moving average is $5.30 and its 200-day simple moving average is $5.62. Hudson Technologies has a 52-week low of $4.64 and a 52-week high of $9.60. The firm has a market cap of $226.02 million, a P/E ratio of 26.85 and a beta of 0.83.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 net margin of 3.51% and a return on equity of 4.95%. On average, analysts anticipate that Hudson Technologies will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Hartree Partners, Lp purchased 118,549 shares of the company's stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average price of $5.10 per share, with a total value of $604,599.90. Following the purchase, the insider owned 5,348,517 shares of the company's stock, valued at $27,277,436.70. The trade was a 2.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 306,431 shares of company stock worth $1,651,495. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. BlackRock Inc. purchased a new position in Hudson Technologies in the 2nd quarter valued at $16,303,000. Segall Bryant & Hamill LLC grew its holdings in shares of 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 worth $3,695,000 after buying an additional 447,987 shares in the last quarter. JB Capital Partners LP purchased a new stake in shares of Hudson Technologies during the second quarter worth $1,757,588. Ancora Advisors LLC purchased a new stake in shares of Hudson Technologies during the second quarter worth $1,741,000. Finally, Kerrisdale Advisers LLC raised its position in shares of Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company's stock valued at $1,722,000 after buying an additional 242,354 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc NASDAQ: HDSN provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.

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