Hudson Technologies, Inc. (NASDAQ:HDSN) Stock Has Consensus Price Target of $8.62 According to Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been given an average rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.50.

Several analysts have issued reports on HDSN shares. Canaccord Genuity Group dropped their price target on Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial lowered their target price on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday.

Hudson Technologies Trading Down 2.5%

HDSN stock opened at $4.31 on Monday. Hudson Technologies has a 1 year low of $4.10 and a 1 year high of $9.18. The company has a fifty day simple moving average of $5.22 and a 200 day simple moving average of $5.93. The firm has a market cap of $181.41 million, a PE ratio of -215.50 and a beta of 0.83.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $59.42 million for the quarter, compared to the consensus estimate of $77.96 million. Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. As a group, analysts forecast that Hudson Technologies will post 0.14 EPS for the current fiscal year.

Insider Transactions at Hudson Technologies

In other Hudson Technologies news, major shareholder Hartree Partners, Lp acquired 118,549 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was bought at an average cost of $5.10 per share, with a total value of $604,599.90. Following the completion of the transaction, the insider directly owned 5,348,517 shares in the company, valued at approximately $27,277,436.70. This represents a 2.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 254,327 shares of company stock valued at $1,339,392. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently modified their holdings of the stock. Isthmus Partners LLC grew its position in Hudson Technologies by 3.8% during the third quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock worth $307,000 after buying an additional 2,183 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Hudson Technologies during the 3rd quarter valued at $473,000. Squarepoint Ops LLC lifted its position in shares of Hudson Technologies by 154.5% during the 2nd quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 40,202 shares during the period. Kerrisdale Advisers LLC grew its holdings in shares of Hudson Technologies by 420.6% during the 2nd quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock worth $1,722,000 after purchasing an additional 242,354 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Hudson Technologies in the second quarter worth $1,741,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Hudson Technologies

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.