Barrington Research Lowers HireQuest (NASDAQ:HQI) Price Target to $16.00

HireQuest (NASDAQ:HQI - Free Report) had its price objective cut by Barrington Research from $18.00 to $16.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock. Barrington Research also issued estimates for HireQuest's Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.68 EPS and FY2026 earnings at $0.80 EPS.

HireQuest Price Performance

HQI stock traded down $0.27 during trading on Monday, hitting $11.57. The stock had a trading volume of 24,395 shares, compared to its average volume of 14,846. HireQuest has a twelve month low of $11.39 and a twelve month high of $15.75. The company's 50-day moving average price is $13.53 and its two-hundred day moving average price is $13.87. The stock has a market capitalization of $161.98 million, a P/E ratio of 105.18 and a beta of 1.13.

HireQuest (NASDAQ:HQI - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. The firm had revenue of $8.08 million for the quarter, compared to analyst estimates of $9.30 million. As a group, sell-side analysts expect that HireQuest will post 0.28 EPS for the current fiscal year.

HireQuest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.07%. HireQuest's payout ratio is presently 88.89%.

Institutional Trading of HireQuest

A number of hedge funds have recently bought and sold shares of HQI. JPMorgan Chase & Co. boosted its holdings in shares of HireQuest by 233.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company's stock worth $141,000 after purchasing an additional 6,953 shares during the last quarter. Geode Capital Management LLC boosted its stake in HireQuest by 4.0% during the third quarter. Geode Capital Management LLC now owns 131,394 shares of the company's stock worth $1,861,000 after buying an additional 5,007 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in HireQuest by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company's stock valued at $230,000 after buying an additional 2,256 shares in the last quarter. Barclays PLC increased its stake in shares of HireQuest by 288.2% in the 3rd quarter. Barclays PLC now owns 7,837 shares of the company's stock worth $110,000 after acquiring an additional 5,818 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of HireQuest by 31.8% during the 4th quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company's stock worth $1,579,000 after acquiring an additional 26,913 shares during the period. Institutional investors and hedge funds own 12.00% of the company's stock.

About HireQuest

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.