Lake Street Capital Lowers inTEST (NYSE:INTT) Price Target to $16.00

inTEST (NYSE:INTT) had its price target dropped by research analysts at Lake Street Capital from $19.00 to $16.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 51.23% from the stock’s current price.

Separately, StockNews.com lowered shares of inTEST from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th.

inTEST Trading Down 1.9 %

Shares of NYSE:INTT opened at $10.58 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 2.70 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $132.12 million, a PE ratio of 16.28 and a beta of 2.01. inTEST has a 1 year low of $9.71 and a 1 year high of $27.17. The firm has a fifty day moving average price of $11.67 and a 200 day moving average price of $12.23.

inTEST (NYSE:INTT) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $29.82 million during the quarter, compared to analysts’ expectations of $29.10 million. inTEST had a return on equity of 13.46% and a net margin of 8.02%. Analysts expect that inTEST will post 1.04 EPS for the current fiscal year.

Insider Activity

In related news, CEO Richard N. Jr. Grant sold 21,500 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $12.03, for a total transaction of $258,645.00. Following the completion of the transaction, the chief executive officer now owns 171,717 shares of the company’s stock, valued at approximately $2,065,755.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other inTEST news, CEO Richard N. Jr. Grant sold 20,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the sale, the chief executive officer now directly owns 215,217 shares of the company’s stock, valued at approximately $2,754,777.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard N. Jr. Grant sold 21,500 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $12.03, for a total transaction of $258,645.00. Following the transaction, the chief executive officer now owns 171,717 shares in the company, valued at approximately $2,065,755.51. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On inTEST

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in inTEST by 76.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock valued at $50,000 after acquiring an additional 1,574 shares in the last quarter. Barclays PLC lifted its position in inTEST by 161.9% in the third quarter. Barclays PLC now owns 7,521 shares of the company’s stock worth $114,000 after purchasing an additional 4,649 shares during the period. Redwood Wealth Management Group LLC bought a new position in inTEST in the fourth quarter worth $154,000. Allspring Global Investments Holdings LLC acquired a new stake in inTEST during the third quarter worth $165,000. Finally, Great Valley Advisor Group Inc. bought a new stake in inTEST in the 3rd quarter valued at $167,000. Institutional investors own 63.18% of the company’s stock.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.