Sterling Check Corp. (NASDAQ:STER) Receives $16.20 Consensus PT from Brokerages

Shares of Sterling Check Corp. (NASDAQ:STER) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.20.

Separately, Citigroup increased their target price on Sterling Check from $16.20 to $17.50 and gave the company a “neutral” rating in a research note on Wednesday, September 25th.

Sterling Check Trading Up 3.0 %

NASDAQ:STER opened at $17.66 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -103.88 and a beta of 0.49. The business has a fifty day moving average of $16.49 and a 200-day moving average of $15.72. Sterling Check has a 1 year low of $10.00 and a 1 year high of $18.04.

Sterling Check (NASDAQ:STER) last announced its earnings results on Thursday, August 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.04). The company had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $199.81 million. Sterling Check had a negative net margin of 2.07% and a positive return on equity of 7.73%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Equities analysts predict that Sterling Check will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Sterling Check

In other news, major shareholder Melanie Laird sold 300,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.18, for a total transaction of $5,154,000.00. Following the completion of the transaction, the insider now directly owns 10,749,576 shares of the company’s stock, valued at $184,677,715.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.90% of the company’s stock.

Institutional Trading of Sterling Check

Several institutional investors and hedge funds have recently bought and sold shares of STER. Natixis bought a new position in Sterling Check during the 1st quarter worth $1,006,000. Gabelli Funds LLC bought a new position in shares of Sterling Check in the 1st quarter worth about $1,475,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Sterling Check in the 1st quarter valued at about $1,449,000. Quadrature Capital Ltd bought a new stake in Sterling Check in the 1st quarter valued at about $921,000. Finally, Magnetar Financial LLC acquired a new position in Sterling Check during the 1st quarter valued at about $18,939,000. Institutional investors own 84.34% of the company’s stock.

Sterling Check Company Profile

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.