Hudson Technologies (NASDAQ:HDSN) Given New $10.00 Price Target at B. Riley

Hudson Technologies (NASDAQ:HDSN) had its price target cut by B. Riley from $13.00 to $10.00 in a research report report published 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 several other reports. Craig Hallum decreased their price objective on shares of Hudson Technologies from $16.00 to $13.00 and set a buy rating on the stock in a report 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 note on Thursday, May 2nd. Roth Mkm cut their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group downgraded shares of Hudson Technologies from a buy rating to a hold rating and cut their target price for the stock from $15.00 to $10.00 in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Hudson Technologies presently has an average rating of Moderate Buy and a consensus price target of $10.60.

Hudson Technologies Stock Down 1.7 %

NASDAQ:HDSN traded down $0.14 on Wednesday, hitting $7.91. The stock had a trading volume of 340,121 shares, compared to its average volume of 484,122. The stock has a market cap of $359.99 million, a price-to-earnings ratio of 8.05, a PEG ratio of 0.38 and a beta of 1.26. The company has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $10.62. Hudson Technologies has a 1-year low of $6.94 and a 1-year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. The firm had revenue of $75.28 million during the quarter, compared to analyst estimates of $78.63 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that Hudson Technologies will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Hudson Technologies

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were 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 owns 159,341 shares in the company, valued at approximately $1,465,937.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HDSN. New South Capital Management Inc. acquired a new stake in Hudson Technologies during the 2nd quarter worth $11,564,000. Lazard Asset Management LLC acquired a new stake in Hudson Technologies during the 1st quarter worth $4,549,000. Foundry Partners LLC boosted its stake in Hudson Technologies by 81.0% during the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock worth $7,444,000 after purchasing an additional 302,529 shares during the period. Swedbank AB acquired a new stake in Hudson Technologies during the 1st quarter worth $1,652,000. Finally, Zazove Associates LLC acquired a new stake in Hudson Technologies during the 1st quarter worth $1,376,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.