HireQuest (NASDAQ:HQI) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• HireQuest has received a reaffirmed "hold (C-)" rating from Weiss Ratings, indicating a cautious stance on its stock performance.
• Barrington Research has issued a price target of $13.00 for HireQuest shares, with the stock currently priced at $8.90.
• In its last quarterly earnings report, HireQuest reported $0.15 EPS, exceeding analysts' expectations of $0.11, although revenue slightly missed estimates.

HireQuest (NASDAQ:HQI - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Barrington Research reissued an "outperform" rating and issued a $13.00 price target on shares of HireQuest in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, HireQuest presently has an average rating of "Moderate Buy" and an average target price of $13.00.

HireQuest Trading Down 2.8%

HQI stock opened at $8.90 on Wednesday. HireQuest has a one year low of $8.90 and a one year high of $15.75. The firm has a market capitalization of $125.49 million, a PE ratio of 49.44 and a beta of 1.22. The firm has a 50-day moving average of $9.69 and a two-hundred day moving average of $10.14.

HireQuest (NASDAQ:HQI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. HireQuest had a net margin of 7.47% and a return on equity of 13.88%. The company had revenue of $7.64 million during the quarter, compared to analyst estimates of $7.66 million. On average, equities research analysts anticipate that HireQuest will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On HireQuest

A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in HireQuest by 67.8% in the second quarter. Russell Investments Group Ltd. now owns 26,303 shares of the company's stock worth $263,000 after buying an additional 10,627 shares during the last quarter. Geode Capital Management LLC increased its holdings in HireQuest by 4.3% in the second quarter. Geode Capital Management LLC now owns 139,141 shares of the company's stock worth $1,393,000 after buying an additional 5,685 shares during the last quarter. GWN Securities Inc. acquired a new position in HireQuest in the second quarter worth approximately $129,000. Finally, Ancora Advisors LLC acquired a new position in HireQuest in the first quarter worth approximately $317,000. Institutional investors and hedge funds own 12.00% of the company's stock.

HireQuest Company Profile

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.

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