Barrington Research Reaffirms “Outperform” Rating for HireQuest (NASDAQ:HQI)

HireQuest (NASDAQ:HQI)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research note issued on Wednesday,Benzinga reports. They presently have a $13.00 price objective on the stock. Barrington Research’s target price indicates a potential upside of 33.33% from the stock’s current price.

Separately, Weiss Ratings upgraded HireQuest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, HireQuest has a consensus rating of “Moderate Buy” and an average target price of $13.00.

HireQuest Stock Down 0.7%

HireQuest stock traded down $0.07 during trading hours on Wednesday, reaching $9.75. 6,793 shares of the company’s stock were exchanged, compared to its average volume of 13,495. The firm’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $9.66. HireQuest has a twelve month low of $7.75 and a twelve month high of $15.75. The firm has a market capitalization of $137.48 million, a PE ratio of 54.17 and a beta of 1.22.

HireQuest (NASDAQ:HQI) last announced its earnings results on Thursday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $8.50 million for the quarter, compared to analyst estimates of $8.11 million. HireQuest had a return on equity of 13.88% and a net margin of 7.47%. Analysts anticipate that HireQuest will post 0.28 EPS for the current year.

Hedge Funds Weigh In On HireQuest

A number of large investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in HireQuest by 62,604.0% during the first quarter. Russell Investments Group Ltd. now owns 15,676 shares of the company’s stock worth $187,000 after buying an additional 15,651 shares in the last quarter. Ancora Advisors LLC purchased a new position in HireQuest during the 1st quarter worth $317,000. GWN Securities Inc. bought a new stake in shares of HireQuest in the 2nd quarter worth $129,000. Geode Capital Management LLC raised its holdings in shares of HireQuest by 4.3% in the second quarter. Geode Capital Management LLC now owns 139,141 shares of the company’s stock valued at $1,393,000 after purchasing an additional 5,685 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of HireQuest by 4.4% in the third quarter. Vanguard Group Inc. now owns 293,013 shares of the company’s stock valued at $2,819,000 after purchasing an additional 12,246 shares during the last quarter. 12.00% of the stock is currently owned by 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.