Hudson Technologies (NASDAQ:HDSN) Price Target Cut to $10.00

Hudson Technologies (NASDAQ:HDSN) had its target price reduced by B. Riley from $13.00 to $10.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock. B. Riley also issued estimates for Hudson Technologies’ Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.03 EPS, FY2024 earnings at $0.59 EPS and FY2025 earnings at $0.78 EPS.

HDSN has been the topic of a number of other research reports. Canaccord Genuity Group downgraded Hudson Technologies from a buy rating to a hold rating and dropped their price objective for the stock from $15.00 to $10.00 in a research note on Thursday, May 2nd. Canaccord Genuity Group reaffirmed a hold rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Craig Hallum cut their target price on Hudson Technologies from $16.00 to $13.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. Finally, Roth Mkm lowered their price target on Hudson Technologies from $14.00 to $13.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hudson Technologies currently has an average rating of Moderate Buy and a consensus target price of $10.60.

Hudson Technologies Price Performance

Shares of HDSN traded down $0.11 during midday trading on Wednesday, reaching $7.85. The stock had a trading volume of 407,424 shares, compared to its average volume of 484,490. Hudson Technologies has a 52 week low of $6.94 and a 52 week high of $15.24. The firm’s 50 day moving average price is $8.72 and its 200-day moving average price is $10.56. The company has a market capitalization of $357.26 million, a P/E ratio of 8.01, a P/E/G ratio of 0.38 and a beta of 1.26.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 21.59% and a net margin of 16.70%. The firm had revenue of $75.28 million during the quarter, compared to the consensus estimate of $78.63 million. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities analysts forecast that Hudson Technologies will post 0.73 earnings per share for the current year.

Insider Activity

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the transaction, the director now 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Hudson Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock valued at $25,108,000 after purchasing an additional 37,158 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after buying an additional 364,117 shares during the last quarter. New South Capital Management Inc. acquired a new stake in shares of Hudson Technologies in the second quarter worth about $11,564,000. Foundry Partners LLC lifted its position in shares of Hudson Technologies by 39.3% in the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after buying an additional 265,825 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Hudson Technologies by 11.1% in the second quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock worth $5,711,000 after buying an additional 65,174 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.