Analysts Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $12.40

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.40.

Several brokerages have recently issued reports on HDSN. Roth Mkm reduced their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Canaccord Genuity Group restated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Canaccord Genuity Group cut Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $15.00 to $10.00 in a research report on Thursday, May 2nd. Craig Hallum lowered their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, B. Riley reduced their target price on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $8.66 on Friday. The company has a market cap of $394.12 million, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.39 and a beta of 1.06. The firm has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $11.55. Hudson Technologies has a 52 week low of $7.90 and a 52 week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. The firm had revenue of $65.25 million for the quarter, compared to the consensus estimate of $63.04 million. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, equities analysts predict that Hudson Technologies will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the completion of the transaction, the director now directly owns 159,341 shares in the company, valued at $1,465,937.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HDSN. Zazove Associates LLC bought a new stake in shares of Hudson Technologies in the 1st quarter worth about $1,376,000. Boston Partners bought a new stake in Hudson Technologies during the first quarter worth about $339,000. Swedbank AB acquired a new stake in shares of Hudson Technologies during the first quarter worth approximately $1,652,000. Virtu Financial LLC bought a new position in shares of Hudson Technologies in the first quarter valued at approximately $114,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Hudson Technologies in the 1st quarter worth approximately $4,549,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.