Hudson Technologies, Inc. (NASDAQ:HDSN) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate Hudson Technologies “Hold” on average: Of five covering brokerages, two recommend buying, two advise holding, and one recommends selling. The average 12-month price target is $8.62, though Canaccord recently lowered its target to $8 from $9.
• Insider and institutional interest remains significant: Major shareholder Hartree Partners purchased 118,549 shares, while insiders bought 377,215 shares over the past three months. Institutions and hedge funds own 71.34% of the company.
• Recent results were mixed: Hudson Technologies reported quarterly EPS of $0.12, below the $0.18 consensus estimate, but revenue of $78.35 million exceeded expectations of $74.20 million. The stock opened at $5.15, near its 52-week low of $4.64 and well below its high of $9.85.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two 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 covered the stock in the last year is $8.62.

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th.

Insiders Place Their Bets

In other news, major shareholder Hartree Partners, Lp purchased 118,549 shares of the stock in a transaction on Thursday, September 24th. The stock was purchased at an average price of $5.10 per share, for a total transaction of $604,599.90. Following the acquisition, the insider owned 5,348,517 shares in the company, valued at $27,277,436.70. This trade represents a 2.27% 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 three months, insiders have purchased 377,215 shares of company stock worth $2,075,491. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Hudson Technologies

Several large investors have recently modified their holdings of HDSN. BlackRock Inc. acquired a new position in Hudson Technologies in the second quarter valued at $16,303,000. Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company's stock worth $12,631,000 after acquiring an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of 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 purchasing an additional 447,987 shares during the period. JB Capital Partners LP bought a new stake in shares of Hudson Technologies during the 2nd quarter valued at about $1,757,588. Finally, Ancora Advisors LLC acquired a new stake in Hudson Technologies during the second quarter worth approximately $1,741,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $5.15 on Thursday. The stock has a market cap of $216.76 million, a P/E ratio of 25.75 and a beta of 0.77. The stock's 50-day moving average is $5.55 and its 200-day moving average is $5.71. Hudson Technologies has a 1-year low of $4.64 and a 1-year high of $9.85.

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

About Hudson Technologies

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.

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