Brokerages Set Sterling Check Corp. (NASDAQ:STER) PT at $15.30

Sterling Check Corp. (NASDAQ:STER) has been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.30.

Several equities analysts recently issued reports on STER shares. The Goldman Sachs Group raised their price target on Sterling Check from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Stifel Nicolaus restated a “hold” rating and issued a $16.50 price objective (up previously from $14.00) on shares of Sterling Check in a research report on Thursday, March 14th. William Blair downgraded shares of Sterling Check from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $17.00 price target on shares of Sterling Check in a research note on Friday, March 1st.

Institutional Trading of Sterling Check

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Sterling Check in the third quarter valued at approximately $168,000. Bank of New York Mellon Corp boosted its position in Sterling Check by 19.4% in the third quarter. Bank of New York Mellon Corp now owns 148,164 shares of the company’s stock valued at $1,870,000 after buying an additional 24,084 shares in the last quarter. Means Investment CO. Inc. bought a new stake in shares of Sterling Check during the third quarter worth about $652,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sterling Check during the 3rd quarter worth approximately $247,000. Finally, Victory Capital Management Inc. increased its holdings in Sterling Check by 2.1% in the third quarter. Victory Capital Management Inc. now owns 46,000 shares of the company’s stock valued at $581,000 after purchasing an additional 947 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Sterling Check Price Performance

NASDAQ:STER opened at $15.13 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 20.51 and a beta of 0.47. Sterling Check has a 12 month low of $10.00 and a 12 month high of $16.68. The company’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $13.67. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

Sterling Check (NASDAQ:STER) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $169.42 million for the quarter, compared to the consensus estimate of $173.07 million. Sterling Check had a positive return on equity of 9.47% and a negative net margin of 0.02%. On average, equities analysts anticipate that Sterling Check will post 0.79 EPS for the current fiscal year.

About Sterling Check

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.