Neostellar Capital (NASDAQ:NSLR) Stock Has Average Price Target of $12.75 According to Analysts

Key Points

• Analysts give Neostellar Capital an average “Buy” rating among six covering firms, with a 12-month average price target of $12.75. Several brokerages recently cut their targets to $13.
• Shares opened at $5.76, near the company’s 52-week low of $5.45 and below its 50-day moving average of $7.57. The company reported quarterly EPS of negative $0.15.
• Insiders bought a net 81,040 shares in the past three months; the CEO also purchased 5,000 shares, while a director sold 5,085 shares.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $12.75.

Several brokerages have issued reports on NSLR. Weiss Ratings lowered Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 18th. Wall Street Zen downgraded shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. BTIG Research lowered their price target on Neostellar Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday. Citizens Jmp lowered their price objective on Neostellar Capital from $15.00 to $13.00 and set a "market outperform" rating on the stock in a research report on Monday, October 26th. Finally, Barrington Research set a $13.00 target price on shares of Neostellar Capital in a research report on Tuesday, October 20th.

Neostellar Capital Stock Performance

Shares of NSLR stock opened at $5.76 on Friday. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $7.57. Neostellar Capital has a 52 week low of $5.45 and a 52 week high of $14.98. The firm has a market cap of $152.47 million, a P/E ratio of 1.95 and a beta of 1.49.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Insider Buying and Selling

In other news, Director Ronald M. Lott sold 5,085 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the sale, the director owned 16,432 shares in the company, valued at approximately $163,662.72. This represents a 23.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Klein purchased 5,000 shares of the stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of $7.91 per share, for a total transaction of $39,550.00. Following the completion of the acquisition, the chief executive officer owned 1,763,796 shares of the company's stock, valued at $13,951,626.36. The trade was a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 81,040 shares of company stock worth $800,534 in the last three months. 8.32% of the stock is owned by insiders.

Institutional Trading of Neostellar Capital

Several hedge funds have recently made changes to their positions in NSLR. SMH Capital Advisors Inc. acquired a new stake in Neostellar Capital during the 3rd quarter worth about $556,000. Gabelli Funds LLC increased its holdings in Neostellar Capital by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company's stock valued at $13,967,000 after buying an additional 41,894 shares during the period. Tactive Advisors LLC lifted its position in shares of Neostellar Capital by 133.9% during the 3rd quarter. Tactive Advisors LLC now owns 70,901 shares of the company's stock worth $545,000 after buying an additional 40,590 shares during the period. MGO One Seven LLC boosted its position in Neostellar Capital by 13.6% in the third quarter. MGO One Seven LLC now owns 293,428 shares of the company's stock valued at $2,256,000 after buying an additional 35,184 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company's stock worth $739,000 after buying an additional 23,446 shares in the last quarter. Institutional investors own 12.95% of the company's stock.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.