Startek (NYSE:SRT – Get Free Report) had its price objective dropped by equities researchers at B. Riley from $5.00 to $4.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. B. Riley’s price objective would suggest a potential upside of 28.62% from the company’s previous close.
Separately, StockNews.com began coverage on Startek in a research report on Friday, August 4th. They set a “buy” rating on the stock.
Startek Price Performance
Shares of Startek stock traded up $0.04 during trading on Friday, hitting $3.11. The stock had a trading volume of 14,685 shares, compared to its average volume of 30,237. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $125.40 million, a P/E ratio of -77.75 and a beta of 1.40. The business has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.40. Startek has a fifty-two week low of $2.64 and a fifty-two week high of $4.53.
Startek (NYSE:SRT – Get Free Report) last announced its quarterly earnings data on Thursday, May 11th. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $92.09 million during the quarter, compared to analyst estimates of $89.23 million. Startek had a negative net margin of 0.37% and a positive return on equity of 9.02%. On average, sell-side analysts expect that Startek will post 0.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in shares of Startek during the 2nd quarter worth about $42,000. HRT Financial LP bought a new stake in shares of Startek during the 1st quarter worth about $45,000. Howard Capital Management Group LLC bought a new stake in shares of Startek during the 1st quarter worth about $45,000. Heron Bay Capital Management bought a new stake in shares of Startek during the 1st quarter worth about $49,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Startek by 36.8% during the 1st quarter. Ritholtz Wealth Management now owns 14,096 shares of the business services provider’s stock worth $58,000 after acquiring an additional 3,792 shares in the last quarter. 13.31% of the stock is owned by institutional investors and hedge funds.
About Startek
StarTek, Inc, a business process outsourcing company, provides customer experience, digital transformation, and technology services in various markets. The company primarily offers customer engagement, omnichannel engagement, social media, customer intelligence analytics, work from home, and back-office services under the Startek and Aegis brands.