Sidoti Predicts Mastech Digital's FY2028 Earnings (NYSE:MHH)

Key Points

• Sidoti forecasts FY2028 EPS of $0.80 for Mastech Digital, below the consensus estimate of $0.84.
• Mastech Digital shares opened at $6.23; they have traded between $5.50 and $8.37 over the past year, and the company has a market capitalization of about $74.8 million.
• Recent filings show institutional investors increased or initiated positions, while insiders bought 9,700 shares over the past 90 days. Insiders own 42.9% of the company.

Mastech Digital, Inc. (NYSE:MHH - Free Report) - Research analysts at Sidoti issued their FY2028 earnings per share (EPS) estimates for Mastech Digital in a note issued to investors on Monday, November 2nd. Sidoti analyst M. Riddick expects that the company will post earnings per share of $0.80 for the year. The consensus estimate for Mastech Digital's current full-year earnings is $0.84 per share.

Mastech Digital Price Performance

Mastech Digital stock opened at $6.23 on Thursday. The firm has a market cap of $74.84 million, a P/E ratio of 21.48, a P/E/G ratio of 0.79 and a beta of 0.85. The stock's 50 day moving average is $6.94 and its 200 day moving average is $6.93. Mastech Digital has a one year low of $5.50 and a one year high of $8.37.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 57.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company's stock valued at $121,000 after buying an additional 7,800 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Mastech Digital by 144.9% during the second quarter. NewEdge Advisors LLC now owns 29,695 shares of the company's stock worth $230,000 after buying an additional 17,569 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in Mastech Digital in the 3rd quarter valued at $280,000. Blueprint Investment Partners LLC purchased a new stake in Mastech Digital in the 3rd quarter valued at $350,000. Finally, Blueprint Financial Advisors LLC bought a new position in Mastech Digital during the 3rd quarter valued at $350,000. Institutional investors own 18.43% of the company's stock.

Insiders Place Their Bets

In other Mastech Digital news, major shareholder Steven A. Shaw acquired 5,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $7.47 per share, with a total value of $37,350.00. Following the completion of the purchase, the insider owned 55,000 shares of the company's stock, valued at approximately $410,850. This represents a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 9,700 shares of company stock worth $67,376 in the last 90 days. Corporate insiders own 42.90% of the company's stock.

About Mastech Digital

Mastech Digital, Inc is a digital transformation and information technology services company headquartered in Pittsburgh, Pennsylvania. The company helps organizations use data, cloud technologies and modern software platforms to improve business operations and support digital initiatives.

Its services include data management and analytics, business intelligence, artificial intelligence and machine learning, cloud and application modernization, automation, and digital engineering. Through its Mastech Infotrellis business, the company has also provided consulting and implementation services focused on enterprise data management, data integration and analytics.

Mastech traces its history to 1986 and has served clients across industries including financial services, healthcare, manufacturing, retail and technology.

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