Barclays Cuts Sterling Check (NASDAQ:STER) Price Target to $18.00

Sterling Check (NASDAQ:STERGet Rating) had its price objective cut by Barclays from $22.00 to $18.00 in a research note released on Monday morning, The Fly reports. They currently have a na rating on the stock.

Several other research firms have also commented on STER. KeyCorp increased their price target on shares of Sterling Check from $25.00 to $29.00 and gave the company an overweight rating in a research report on Friday, April 1st. Zacks Investment Research downgraded Sterling Check from a hold rating to a sell rating in a research report on Saturday, May 14th. Robert W. Baird cut their price target on Sterling Check from $34.00 to $31.00 in a report on Thursday, March 3rd. Finally, Morgan Stanley lowered Sterling Check from an overweight rating to an equal weight rating and set a $26.00 price objective on the stock. in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Sterling Check currently has an average rating of Buy and an average target price of $28.33.

NASDAQ STER opened at $18.24 on Monday. The business has a 50 day moving average price of $24.26 and a 200 day moving average price of $22.55. Sterling Check has a 1-year low of $17.27 and a 1-year high of $28.99. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.69.

Sterling Check (NASDAQ:STERGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $192.00 million during the quarter, compared to analysts’ expectations of $167.05 million. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts predict that Sterling Check will post 0.97 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Citigroup Inc. purchased a new stake in Sterling Check in the 3rd quarter valued at about $33,000. UBS Group AG purchased a new stake in Sterling Check in the third quarter valued at approximately $34,000. Legal & General Group Plc increased its position in Sterling Check by 49.0% during the fourth quarter. Legal & General Group Plc now owns 1,490 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Sterling Check during the fourth quarter worth approximately $51,000. Finally, Strs Ohio acquired a new position in shares of Sterling Check in the 4th quarter valued at $79,000. 85.46% of the stock is currently 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.

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