Heska (NASDAQ:HSKA) was downgraded by equities research analysts at ValuEngine from a "buy" rating to a "hold" rating in a report released on Thursday, ValuEngine reports.
Other research analysts have also issued research reports about the company. TheStreet lowered Heska from a "c-" rating to a "d+" rating in a report on Friday, April 3rd. Sidoti dropped their price target on Heska from $77.00 to $59.00 and set a "neutral" rating for the company in a research report on Friday, March 27th. Alliance Global Partners lifted their price target on Heska from $78.00 to $90.00 in a research report on Friday, May 8th. BidaskClub upgraded Heska from a "hold" rating to a "buy" rating in a research report on Tuesday, May 12th. Finally, Zacks Investment Research downgraded Heska from a "buy" rating to a "hold" rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus target price of $81.67.
HSKA stock opened at $92.83 on Thursday. The company has a quick ratio of 9.89, a current ratio of 11.21 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $856.17 million, a PE ratio of -92.83 and a beta of 1.73. Heska has a twelve month low of $50.00 and a twelve month high of $110.90. The stock has a 50-day simple moving average of $85.72 and a two-hundred day simple moving average of $85.32.
Heska (NASDAQ:HSKA) last posted its earnings results on Thursday, May 7th. The medical research company reported ($0.70) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.26) by ($0.44). The company had revenue of $30.65 million for the quarter, compared to analysts' expectations of $33.47 million. Heska had a negative net margin of 5.99% and a negative return on equity of 1.04%. On average, equities research analysts anticipate that Heska will post -0.81 EPS for the current fiscal year.
In related news, CEO Kevin S. Wilson sold 3,266 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $85.00, for a total value of $277,610.00. Following the completion of the sale, the chief executive officer now owns 104,955 shares in the company, valued at approximately $8,921,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin S. Wilson sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $91.00, for a total value of $910,000.00. Following the completion of the sale, the chief executive officer now owns 82,955 shares of the company's stock, valued at approximately $7,548,905. The disclosure for this sale can be found here. Insiders sold a total of 30,941 shares of company stock valued at $2,741,842 in the last 90 days. 11.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in HSKA. FMR LLC lifted its position in Heska by 2.0% in the 1st quarter. FMR LLC now owns 453,664 shares of the medical research company's stock worth $38,616,000 after buying an additional 8,870 shares during the last quarter. Swiss National Bank increased its stake in Heska by 1.4% in the 4th quarter. Swiss National Bank now owns 14,100 shares of the medical research company's stock worth $1,353,000 after purchasing an additional 200 shares during the period. Victory Capital Management Inc. increased its stake in Heska by 39.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,445 shares of the medical research company's stock worth $139,000 after purchasing an additional 412 shares during the period. PNC Financial Services Group Inc. increased its stake in Heska by 67.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,241 shares of the medical research company's stock worth $312,000 after purchasing an additional 1,303 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Heska by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,474 shares of the medical research company's stock worth $4,171,000 after purchasing an additional 2,030 shares during the period. Institutional investors own 79.78% of the company's stock.
Heska Company Profile
Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Europe, and internationally. The company's Core Companion Animal segment offers Element DC and DRI-CHEM 7000 veterinary chemistry analyzers for blood chemistry and electrolyte analysis; Element HT5 and HemaTrue veterinary hematology analyzers to measure blood cell and platelet count, and hemoglobin levels; Element POC blood gas and electrolyte analyzers; Element i immunodiagnostic analyzers; Element COAG veterinary analyzers; and IV infusion pumps.
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