HireQuest (NASDAQ:HQI - Get Free Report) had its target price decreased by Barrington Research from $21.00 to $19.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Barrington Research's target price would indicate a potential upside of 43.94% from the company's current price.
Separately, DA Davidson dropped their price objective on HireQuest from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, March 22nd.
View Our Latest Stock Report on HQI
HireQuest Trading Up 1.9 %
HQI stock traded up $0.25 during midday trading on Thursday, hitting $13.20. 5,476 shares of the company's stock were exchanged, compared to its average volume of 14,497. HireQuest has a 12-month low of $11.40 and a 12-month high of $29.38. The firm has a 50 day moving average price of $12.91 and a 200-day moving average price of $14.35. The stock has a market capitalization of $184.80 million, a price-to-earnings ratio of 29.38 and a beta of 1.11.
HireQuest (NASDAQ:HQI - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.13. HireQuest had a return on equity of 10.37% and a net margin of 16.20%. The company had revenue of $9.76 million for the quarter, compared to the consensus estimate of $8.42 million. On average, sell-side analysts forecast that HireQuest will post 0.72 EPS for the current fiscal year.
Institutional Investors Weigh In On HireQuest
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in HireQuest by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 264,971 shares of the company's stock valued at $4,067,000 after purchasing an additional 11,901 shares during the period. Barclays PLC boosted its position in HireQuest by 617.1% during the 4th quarter. Barclays PLC now owns 7,479 shares of the company's stock valued at $115,000 after purchasing an additional 6,436 shares during the period. Northern Trust Corp boosted its position in HireQuest by 14.4% during the 4th quarter. Northern Trust Corp now owns 51,284 shares of the company's stock valued at $787,000 after purchasing an additional 6,454 shares during the period. US Bancorp DE acquired a new position in HireQuest during the 4th quarter valued at approximately $2,047,000. Finally, Tower Research Capital LLC TRC boosted its position in HireQuest by 529.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,932 shares of the company's stock valued at $30,000 after purchasing an additional 1,625 shares during the period. 12.00% of the stock is currently owned by institutional investors.
About HireQuest
(
Get Free Report)
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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