Barrington Research Increases HireQuest (NASDAQ:HQI) Price Target to $18.00

HireQuest (NASDAQ:HQI) had its price objective boosted by research analysts at Barrington Research from $17.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 25.87% from the company’s previous close. Barrington Research also issued estimates for HireQuest’s Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.83 EPS.

Separately, DA Davidson reiterated a “buy” rating and issued a $19.00 price target on shares of HireQuest in a report on Friday, August 9th.

HireQuest Stock Performance

Shares of NASDAQ HQI opened at $14.30 on Friday. HireQuest has a fifty-two week low of $11.39 and a fifty-two week high of $17.31. The company has a market cap of $200.20 million, a price-to-earnings ratio of 130.00 and a beta of 1.02. The business’s 50 day moving average price is $13.99 and its 200-day moving average price is $13.30.

Institutional Investors Weigh In On HireQuest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HQI. Geode Capital Management LLC grew its position in HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after purchasing an additional 5,007 shares during the last quarter. Barclays PLC grew its holdings in shares of HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after buying an additional 5,818 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HireQuest by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after acquiring an additional 2,256 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of HireQuest in the 3rd quarter valued at $147,000. Finally, Bank of New York Mellon Corp raised its stake in HireQuest by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after acquiring an additional 772 shares during the last quarter. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

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.