Healthcare Services Group (NASDAQ:HCSG) Hits New 12-Month High - Time to Buy?

Key Points

• Healthcare Services Group (NASDAQ:HCSG) reached a new 52-week high, with shares trading at $15.93 during Tuesday's session and a trading volume of 190,742 shares.
• Analysts have recently upgraded HCSG's stock rating, with Macquarie raising it from "neutral" to "outperform," while Benchmark increased its price target from $17.00 to $19.00.
• The company's recent earnings report showed a 7.6% revenue increase year-over-year, with quarterly revenue of $458.5 million, surpassing analyst estimates of $450.78 million.

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.93 and last traded at $15.85, with a volume of 190742 shares trading hands. The stock had previously closed at $15.61.

Wall Street Analyst Weigh In

HCSG has been the subject of a number of research reports. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Benchmark raised their target price on Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Finally, Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Stock Up 0.5%

The business's 50-day moving average price is $14.49 and its 200-day moving average price is $13.10. The firm has a market capitalization of $1.15 billion, a PE ratio of 113.07 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The firm's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.25, for a total transaction of $283,126.00. Following the transaction, the executive vice president directly owned 32,976 shares in the company, valued at $436,932. The trade was a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of Healthcare Services Group

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Healthcare Services Group by 163.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,356 shares during the last quarter. USA Financial Formulas acquired a new position in Healthcare Services Group in the second quarter worth $60,000. US Bancorp DE increased its stake in shares of Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock valued at $82,000 after buying an additional 5,000 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Healthcare Services Group in the first quarter valued at about $127,000. Finally, PharVision Advisers LLC acquired a new position in Healthcare Services Group during the 4th quarter worth about $147,000. 97.97% of the stock is currently owned by institutional investors.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.