Truist Financial Issues Pessimistic Forecast for Kforce (NASDAQ:KFRC) Stock Price

Key Points

• Truist Financial has lowered its price target for Kforce (NASDAQ: KFRC) from $46.00 to $35.00, maintaining a "hold" rating on the stock.
• Despite the downgrade, Truist's new price target implies a potential upside of 26.29% from Kforce's previous closing price.
• Kforce's stock has recently underperformed, trading at $27.72, with analysts predicting it will report 2.7 earnings per share for the current year.

Kforce (NASDAQ:KFRC - Get Free Report) had its price target lowered by equities research analysts at Truist Financial from $46.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Truist Financial's price target would suggest a potential upside of 26.29% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the company. Zacks Research raised Kforce from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. UBS Group decreased their price target on Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.67.

Kforce Price Performance

NASDAQ:KFRC traded down $0.09 on Monday, reaching $27.72. 14,219 shares of the company's stock traded hands, compared to its average volume of 185,685. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $31.21 and a 200-day simple moving average of $38.41. The firm has a market cap of $515.47 million, a PE ratio of 10.34 and a beta of 0.66. Kforce has a 12 month low of $27.60 and a 12 month high of $62.80.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business had revenue of $334.32 million for the quarter, compared to the consensus estimate of $333.78 million. During the same period in the prior year, the business earned $0.75 earnings per share. Kforce's revenue was down 6.2% compared to the same quarter last year. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Equities research analysts forecast that Kforce will post 2.7 earnings per share for the current year.

Institutional Investors Weigh In On Kforce

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Kforce by 21,725.0% during the 1st quarter. GAMMA Investing LLC now owns 6,111 shares of the business services provider's stock worth $299,000 after acquiring an additional 6,083 shares in the last quarter. Rhumbline Advisers lifted its stake in Kforce by 18.1% in the 1st quarter. Rhumbline Advisers now owns 47,349 shares of the business services provider's stock valued at $2,315,000 after buying an additional 7,256 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kforce by 198.9% in the 1st quarter. SG Americas Securities LLC now owns 8,487 shares of the business services provider's stock valued at $415,000 after buying an additional 5,648 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Kforce by 3.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,834 shares of the business services provider's stock valued at $1,752,000 after buying an additional 1,311 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Kforce by 10.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,019 shares of the business services provider's stock valued at $687,000 after acquiring an additional 1,362 shares during the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.

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