Shares of Capstone Turbine (NASDAQ:CPST) gapped up before the market opened on Friday . The stock had previously closed at $1.94, but opened at $1.82. Capstone Turbine shares last traded at $1.77, with a volume of 1795766 shares trading hands.
Several analysts recently commented on CPST shares. Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research report on Tuesday, February 20th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1.75.
The stock has a market cap of $89.23, a P/E ratio of -2.28 and a beta of 0.27.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The company had revenue of $22.80 million for the quarter, compared to the consensus estimate of $22.70 million. During the same period in the prior year, the firm posted ($0.28) EPS. Capstone Turbine’s revenue for the quarter was up 12.9% on a year-over-year basis. sell-side analysts expect that Capstone Turbine will post -0.22 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of CPST. Macquarie Group Ltd. bought a new position in Capstone Turbine during the 4th quarter valued at about $111,000. Geode Capital Management LLC lifted its stake in Capstone Turbine by 63.3% during the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 67,509 shares during the period. Wedbush Securities Inc. lifted its stake in Capstone Turbine by 52.1% during the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $249,000 after acquiring an additional 111,001 shares during the period. Perkins Capital Management Inc. bought a new position in Capstone Turbine during the 4th quarter valued at about $744,000. Finally, Sabby Management LLC bought a new position in Capstone Turbine during the 4th quarter valued at about $758,000. Institutional investors and hedge funds own 11.30% of the company’s stock.
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About Capstone Turbine
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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