Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Average Rating of "Hold" from Analysts

Key Points

• Hudson Technologies has a consensus analyst rating of “Hold” from six brokerages, with an average 12-month price target of $8.88.
• Recent analyst moves were mixed: some firms cut price targets, while others maintained buy ratings, and Wall Street Zen downgraded the stock to sell.
• Insiders and institutions have been active in the stock, with two directors buying shares recently and institutional investors holding about 71.34% of the company.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.8750.

A number of research firms have commented on HDSN. Roth Mkm lowered their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, March 6th. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a "buy" rating for the company in a report on Thursday, May 7th. Wall Street Zen lowered shares of Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. B. Riley Financial lowered their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a "buy" rating for the company in a report on Thursday, March 5th. Finally, Weiss Ratings raised shares of Hudson Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, May 13th.

Insiders Place Their Bets

In other Hudson Technologies news, Director Jeffrey R. Feeler bought 5,100 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $4.92 per share, with a total value of $25,092.00. Following the acquisition, the director owned 9,165 shares of the company's stock, valued at approximately $45,091.80. The trade was a 125.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Sheriff bought 5,200 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $4.88 per share, with a total value of $25,376.00. Following the acquisition, the director directly owned 9,265 shares in the company, valued at approximately $45,213.20. This trade represents a 127.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 32,850 shares of company stock valued at $161,120 in the last ninety days. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westerly Capital Management LLC increased its position in shares of Hudson Technologies by 34.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company's stock worth $17,468,000 after acquiring an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in 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 valued at $12,631,000 after acquiring an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in 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 acquiring an additional 447,987 shares in the last quarter. AQR Capital Management LLC lifted its position in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company's stock valued at $3,650,000 after acquiring an additional 39,654 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Hudson Technologies by 270.4% in the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company's stock valued at $3,186,000 after acquiring an additional 339,543 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $5.37 on Friday. The firm has a market cap of $225.92 million, a P/E ratio of 17.32 and a beta of 0.87. The firm has a 50 day simple moving average of $5.77 and a 200 day simple moving average of $6.60. Hudson Technologies has a fifty-two week low of $4.64 and a fifty-two week high of $10.52.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The company had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. On average, sell-side analysts expect that Hudson Technologies will post 0.34 EPS for the current year.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company's core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.

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