Key Points
- CEO Jeffrey Eberwein purchased 10,217 shares of Star Equity (NASDAQ:STRR) on Nov. 18 at an average price of $10.42 (~$106,461), raising his stake to 700,229 shares (a 1.48% increase) per an SEC filing.
- Star Equity missed earnings expectations with quarterly EPS of $0.02 vs. $0.32 expected, posted a negative net margin (-2.81%) and negative ROE (-3.81%), although revenue of $47.96M slightly beat estimates.
- Analyst sentiment is weak (MarketBeat average rating "Reduce" and $5.00 target) with recent downgrades, while the stock trades around $10.40 and has a market cap of roughly $35.7 million.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein acquired 2,312 shares of the business's stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $10.38 per share, for a total transaction of $23,998.56. Following the purchase, the chief executive officer directly owned 702,541 shares of the company's stock, valued at $7,292,375.58. This represents a 0.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Star Equity Stock Up 0.5%
Shares of STRR traded up $0.06 during mid-day trading on Thursday, hitting $10.37. The stock had a trading volume of 4,858 shares, compared to its average volume of 12,067. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $15.90. The company has a market cap of $35.61 million, a PE ratio of -7.97 and a beta of 0.42. The company's fifty day simple moving average is $10.85 and its two-hundred day simple moving average is $5.41.
Star Equity (NASDAQ:STRR - Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.30). The business had revenue of $47.96 million during the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%. Equities analysts expect that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on STRR. Weiss Ratings reiterated a "sell (e+)" rating on shares of Star Equity in a research note on Wednesday, October 8th. Maxim Group downgraded Star Equity from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $5.00.
Read Our Latest Research Report on STRR
Star Equity Company Profile
(
Get Free Report)
Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.
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