HireQuest (NASDAQ:HQI) Given New $18.00 Price Target at Barrington Research

HireQuest (NASDAQ:HQI) had its target price raised by stock analysts at Barrington Research from $17.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price suggests a potential upside of 25.87% from the company’s previous close.

Separately, DA Davidson restated a “buy” rating and set a $19.00 price target on shares of HireQuest in a report on Friday, August 9th.

HireQuest Trading Down 0.4 %

Shares of HQI stock traded down $0.06 on Friday, hitting $14.30. 11,274 shares of the stock were exchanged, compared to its average volume of 13,794. HireQuest has a one year low of $11.39 and a one year high of $17.31. The firm has a market capitalization of $200.20 million, a PE ratio of 130.00 and a beta of 1.02. The firm’s 50 day moving average is $13.99 and its two-hundred day moving average is $13.29.

Institutional Trading of HireQuest

Hedge funds have recently modified their holdings of the stock. Concurrent Investment Advisors LLC acquired a new stake in HireQuest in the 3rd quarter valued at about $147,000. Charles Schwab Investment Management Inc. increased its stake in HireQuest by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock worth $230,000 after buying an additional 2,256 shares during the period. Bank of New York Mellon Corp increased its position in shares of HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after acquiring an additional 772 shares during the period. Finally, Vanguard Group Inc. grew its stake in HireQuest by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock worth $3,464,000 after purchasing an additional 2,490 shares in the last quarter. Hedge funds and other institutional investors own 12.00% of the company’s stock.

About HireQuest

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.