Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts' consensus is a Hold from six firms (1 sell, 3 hold, 2 buy) with an average 12‑month price target of $9.00.
• Hudson reported quarterly EPS of -$0.13 versus estimates of -$0.09 (a miss) while revenue of $44.41M beat expectations of $38.12M, and the stock trades around $6.25—well below the average price target.
• Institutional investors own about 71.34% of the company, with several firms (Allspring, Tudor, KBC, EdgeRock) recently adding or increasing stakes.

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.00.

HDSN has been the subject of a number of analyst reports. Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. B. Riley Financial reduced their price target on Hudson Technologies from $10.50 to $9.50 and set a "buy" rating for the company in a report on Thursday, March 5th. Canaccord Genuity Group reduced their price target on Hudson Technologies from $10.00 to $9.50 and set a "buy" rating for the company in a report on Friday, March 6th. Roth Mkm reduced their price target on Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, March 6th. Finally, Wall Street Zen cut Hudson Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 21st.

Institutional Investors Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth $1,704,000. Tudor Investment Corp ET AL acquired a new stake in Hudson Technologies in the 3rd quarter worth about $2,058,000. KBC Group NV acquired a new stake in Hudson Technologies in the 4th quarter worth about $843,000. EdgeRock Capital LLC boosted its holdings in Hudson Technologies by 6.1% in the 4th quarter. EdgeRock Capital LLC now owns 90,517 shares of the industrial products company's stock worth $620,000 after buying an additional 5,220 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in Hudson Technologies in the 3rd quarter worth about $295,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $6.25 on Monday. The company's fifty day moving average price is $6.26 and its 200 day moving average price is $7.05. Hudson Technologies has a 1 year low of $5.62 and a 1 year high of $10.52. The company has a market capitalization of $262.93 million, a PE ratio of 17.36 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%.The firm had revenue of $44.41 million for the quarter, compared to analysts' expectations of $38.12 million. On average, equities analysts expect that Hudson Technologies will post 0.41 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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