Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $8.88 Consensus Target Price from Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.8750.

Several equities analysts have recently commented on HDSN shares. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Roth Mkm dropped their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. B. Riley Financial dropped their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 5th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $5.30 on Friday. The stock has a market capitalization of $222.97 million, a PE ratio of 17.10 and a beta of 0.81. The business has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $6.57. Hudson Technologies has a fifty-two week low of $4.64 and a fifty-two week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. On average, equities analysts expect that Hudson Technologies will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Hudson Technologies news, Director Alan Sheriff purchased 5,200 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $4.88 per share, with a total value of $25,376.00. Following the acquisition, the director owned 9,265 shares of the company’s stock, valued at approximately $45,213.20. This represents a 127.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey R. Feeler purchased 5,100 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $4.92 per share, with a total value of $25,092.00. Following the acquisition, the director directly owned 9,165 shares in the company, valued at $45,091.80. This represents a 125.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 32,850 shares of company stock valued at $161,120 in the last three months. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the 4th quarter worth approximately $28,000. Nkcfo LLC acquired a new position in Hudson Technologies during the 3rd quarter worth approximately $47,000. Quarry LP increased its position in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets increased its position in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.