Sterling Check (NASDAQ:STER) Price Target Cut to $14.00

Sterling Check (NASDAQ:STERGet Rating) had its target price reduced by Barclays to $14.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. Barclays‘s price target suggests a potential upside of 5.42% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. KeyCorp decreased their price target on shares of Sterling Check from $29.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. The Goldman Sachs Group decreased their price objective on shares of Sterling Check from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. William Blair reaffirmed an “outperform” rating on shares of Sterling Check in a research report on Wednesday, November 9th. Morgan Stanley decreased their price objective on shares of Sterling Check from $23.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, November 10th. Finally, Robert W. Baird decreased their price objective on shares of Sterling Check from $28.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.67.

Sterling Check Stock Performance

Shares of STER stock opened at $13.28 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.66. Sterling Check has a 52 week low of $12.22 and a 52 week high of $28.76. The stock has a market capitalization of $1.29 billion, a PE ratio of 44.27 and a beta of 0.79. The firm has a 50 day moving average of $18.42 and a two-hundred day moving average of $19.07.

Institutional Investors Weigh In On Sterling Check

A number of institutional investors and hedge funds have recently bought and sold shares of STER. Wellington Management Group LLP lifted its position in Sterling Check by 53.7% in the first quarter. Wellington Management Group LLP now owns 5,322,934 shares of the company’s stock valued at $140,685,000 after acquiring an additional 1,860,674 shares during the last quarter. Thornburg Investment Management Inc. purchased a new stake in Sterling Check in the first quarter valued at $15,306,000. BlackRock Inc. lifted its position in Sterling Check by 29.0% in the first quarter. BlackRock Inc. now owns 1,881,118 shares of the company’s stock valued at $49,719,000 after acquiring an additional 422,576 shares during the last quarter. Lazard Asset Management LLC increased its stake in Sterling Check by 29.4% in the first quarter. Lazard Asset Management LLC now owns 1,618,657 shares of the company’s stock valued at $42,781,000 after purchasing an additional 367,741 shares during the period. Finally, Swiss National Bank acquired a new position in Sterling Check in the second quarter valued at $3,145,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

Sterling Check Company Profile

(Get Rating)

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.

Featured Articles

Stock Target Advisor logo

Analyst Recommendations for Sterling Check (NASDAQ:STER)

Receive News & Ratings for Sterling Check Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Check and related companies with MarketBeat.com's FREE daily email newsletter.