Barrington Research Has Lowered Expectations for HireQuest (NASDAQ:HQI) Stock Price

HireQuest (NASDAQ:HQI) had its price objective cut by equities research analysts at Barrington Research from $18.00 to $16.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 32.56% from the company’s previous close.

HireQuest Trading Up 1.4 %

HQI stock opened at $12.07 on Monday. The firm’s 50-day moving average is $13.58 and its two-hundred day moving average is $13.90. The company has a market capitalization of $168.98 million, a price-to-earnings ratio of 109.73 and a beta of 1.03. HireQuest has a 52 week low of $11.39 and a 52 week high of $15.75.

HireQuest (NASDAQ:HQI) last announced its earnings results on Thursday, March 27th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $8.08 million for the quarter, compared to analysts’ expectations of $9.30 million. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. On average, equities research analysts predict that HireQuest will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On HireQuest

Several large investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of HireQuest by 10.4% in the 4th quarter. Barclays PLC now owns 8,651 shares of the company’s stock worth $123,000 after purchasing an additional 814 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in HireQuest by 36.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,187 shares of the company’s stock worth $45,000 after buying an additional 847 shares in the last quarter. Geode Capital Management LLC grew its position in HireQuest by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 132,303 shares of the company’s stock worth $1,874,000 after buying an additional 909 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of HireQuest by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after buying an additional 2,256 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of HireQuest by 9.0% during the 4th quarter. Northern Trust Corp now owns 53,808 shares of the company’s stock valued at $762,000 after acquiring an additional 4,449 shares during the last quarter. Institutional investors own 12.00% of the company’s stock.

About HireQuest

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.