Sterling Check (NASDAQ:STER) PT Raised to $16.00 at The Goldman Sachs Group

Sterling Check (NASDAQ:STER) had its price objective boosted by The Goldman Sachs Group from $14.00 to $16.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 13.80% from the stock’s current price.

Separately, Stifel Nicolaus reduced their price target on shares of Sterling Check from $19.00 to $18.00 in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.86.

Sterling Check Price Performance

NASDAQ:STER traded down $0.12 during trading hours on Tuesday, reaching $14.06. 57,253 shares of the company were exchanged, compared to its average volume of 255,671. The company has a market capitalization of $1.35 billion, a P/E ratio of 703.00 and a beta of 0.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50 day moving average of $12.79 and a 200 day moving average of $12.23. Sterling Check has a 1-year low of $10.57 and a 1-year high of $23.00.

Sterling Check (NASDAQ:STER) last released its earnings results on Tuesday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $190.38 million for the quarter, compared to analyst estimates of $193.06 million. Sterling Check had a return on equity of 10.15% and a net margin of 0.34%. Research analysts forecast that Sterling Check will post 0.86 EPS for the current year.

Insider Buying and Selling at Sterling Check

In other news, Director Adrian M. Jones sold 9,000,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.73, for a total transaction of $105,570,000.00. Following the completion of the transaction, the director now directly owns 51,676,439 shares in the company, valued at $606,164,629.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Adrian M. Jones sold 9,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.73, for a total value of $105,570,000.00. Following the completion of the transaction, the director now owns 51,676,439 shares of the company’s stock, valued at $606,164,629.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven L. Barnett sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $13.20, for a total transaction of $132,000.00. Following the completion of the transaction, the insider now owns 270,535 shares of the company’s stock, valued at approximately $3,571,062. The disclosure for this sale can be found here. Insiders have sold 10,155,486 shares of company stock worth $119,138,551 over the last quarter. Corporate insiders own 8.20% of the company’s stock.

Institutional Trading of Sterling Check

Several institutional investors have recently modified their holdings of STER. M&T Bank Corp lifted its holdings in Sterling Check by 505.1% during the 4th quarter. M&T Bank Corp now owns 62,274 shares of the company’s stock worth $2,839,000 after buying an additional 51,982 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of Sterling Check in the fourth quarter worth approximately $621,000. Royce & Associates LP boosted its holdings in Sterling Check by 45.8% in the first quarter. Royce & Associates LP now owns 335,300 shares of the company’s stock valued at $3,739,000 after acquiring an additional 105,300 shares during the last quarter. Clearbridge Investments LLC increased its position in Sterling Check by 2.0% during the 1st quarter. Clearbridge Investments LLC now owns 743,519 shares of the company’s stock valued at $8,290,000 after purchasing an additional 14,884 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Sterling Check during the 1st quarter valued at approximately $146,000. Institutional investors own 80.90% of the company’s stock.

Sterling Check Company Profile

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.