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

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.62.

HDSN has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.23 on Thursday. The stock’s 50-day simple moving average is $5.50 and its 200-day simple moving average is $5.70. The firm has a market capitalization of $220.13 million, a PE ratio of 26.15 and a beta of 0.83. Hudson Technologies has a fifty-two week low of $4.64 and a fifty-two week high of $9.65.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The firm had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. Sell-side analysts forecast that Hudson Technologies will post 0.17 earnings per share for the current year.

Insider Transactions at Hudson Technologies

In other Hudson Technologies news, major shareholder Hartree Partners, Lp purchased 118,549 shares of the stock in a transaction on Thursday, September 24th. The shares were bought at an average cost of $5.10 per share, with a total value of $604,599.90. Following the completion of the acquisition, the insider owned 5,348,517 shares in the company, valued at $27,277,436.70. This trade represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 377,215 shares of company stock worth $2,075,491 in the last three months. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its stake in shares of Hudson Technologies by 154.5% in the second quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock worth $380,000 after buying an additional 40,202 shares during the last quarter. Kerrisdale Advisers LLC increased 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 valued at $1,722,000 after purchasing an additional 242,354 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Hudson Technologies during the 2nd quarter valued at approximately $1,741,000. Empowered Funds LLC acquired a new stake in Hudson Technologies during the second quarter valued at $1,182,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Hudson Technologies during the second quarter valued at $296,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.