Key Points
- CEO sold 16,000 shares: Star Equity CEO Jeffrey Eberwein sold 16,000 shares on Dec. 24 at an average price of $9.35 for $149,600, trimming his stake by 1.97% to 794,217 shares (SEC filing).
- Quarterly results disappointed on EPS: The company reported $0.02 EPS vs. a $0.32 consensus (a $0.30 miss) with negative return on equity and net margin, though revenue of $47.96M topped estimates of $45.68M.
- Analyst sentiment is mixed-to-negative: MarketBeat shows a consensus rating of "Reduce" with an average target of $13, and analyst views range from Buy to Strong Sell (including a Zacks downgrade and a Litchfield Hills buy initiation with a $21 target).
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein sold 16,000 shares of Star Equity stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total transaction of $149,600.00. Following the transaction, the chief executive officer owned 794,217 shares in the company, valued at approximately $7,425,928.95. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Star Equity Stock Performance
Shares of Star Equity stock opened at $11.27 on Tuesday. The stock has a market cap of $38.75 million, a price-to-earnings ratio of -7.13 and a beta of 0.49. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $13.65. The company's fifty day moving average is $10.57 and its 200 day moving average is $7.07. The company has a quick ratio of 1.83, a current ratio of 2.07 and a debt-to-equity ratio of 0.10.
Star Equity (NASDAQ:STRR - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.30). Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%.The company had revenue of $47.96 million for the quarter, compared to analyst estimates of $45.68 million. Sell-side analysts forecast that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on STRR. Zacks Research downgraded shares of Star Equity from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 20th. Litchfield Hills Research initiated coverage on shares of Star Equity in a research note on Tuesday, December 16th. They issued a "buy" rating and a $21.00 price objective on the stock. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Star Equity in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $13.00.
Check Out Our Latest Report on STRR
About Star Equity
(
Get Free Report)
Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.
With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.
Further Reading
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