HeadHunter Group (NASDAQ:HHR) Upgraded to Buy by Zacks Investment Research

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HeadHunter Group (NASDAQ:HHR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage currently has a $31.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.47% from the stock’s current price.

According to Zacks, “HeadHunter Group PLC provides an online recruitment platform. The company offers services which consist of career guidance, career consultation, jobs by profession and the opportunity to create a resume and receive automatically suitable job opportunities. HeadHunter Group PLC is based in Moscow, Russia. “

Other research analysts also recently issued research reports about the company. Credit Suisse Group boosted their target price on HeadHunter Group from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 23rd. BidaskClub lowered shares of HeadHunter Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

NASDAQ HHR traded down $0.66 on Wednesday, hitting $27.32. 47,671 shares of the company’s stock were exchanged, compared to its average volume of 72,671. The stock has a 50-day moving average of $29.98 and a 200-day moving average of $25.88. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.38. HeadHunter Group has a 52 week low of $12.25 and a 52 week high of $32.14. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 63.53 and a beta of 0.52.

HeadHunter Group (NASDAQ:HHR) last posted its quarterly earnings results on Thursday, November 19th. The company reported $16.64 EPS for the quarter, topping analysts’ consensus estimates of $11.02 by $5.62. HeadHunter Group had a return on equity of 98.65% and a net margin of 20.18%. The company had revenue of $28.97 million during the quarter. As a group, analysts predict that HeadHunter Group will post 0.64 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its position in HeadHunter Group by 70.5% during the 3rd quarter. Sei Investments Co. now owns 59,440 shares of the company’s stock worth $1,455,000 after buying an additional 24,571 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of HeadHunter Group by 21.6% during the third quarter. Public Employees Retirement System of Ohio now owns 141,704 shares of the company’s stock worth $3,469,000 after purchasing an additional 25,200 shares during the period. Ashmore Group plc grew its stake in shares of HeadHunter Group by 37.4% in the third quarter. Ashmore Group plc now owns 147,601 shares of the company’s stock worth $3,613,000 after purchasing an additional 40,159 shares during the last quarter. Morgan Stanley grew its stake in shares of HeadHunter Group by 1,981.7% in the third quarter. Morgan Stanley now owns 14,239 shares of the company’s stock worth $349,000 after purchasing an additional 13,555 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in HeadHunter Group in the third quarter valued at $784,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

About HeadHunter Group

HeadHunter Group PLC operates an online recruitment platform in Russia, Kazakhstan, Belarus, Baltic countries, and internationally. It offers employers and recruiters paid access to its curriculum vitae database and job postings platform; and job seekers and employers with a range of value added services.

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