Hercules Capital (NYSE:HTGC) Price Target Lowered to $20.00 at Piper Sandler

Hercules Capital (NYSE:HTGC - Get Free Report) had its price target decreased by Piper Sandler from $23.00 to $20.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Piper Sandler's target price indicates a potential upside of 18.91% from the stock's previous close.

HTGC has been the subject of a number of other reports. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Compass Point upped their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.70.

Hercules Capital Stock Performance

HTGC stock traded down $0.01 during mid-day trading on Tuesday, reaching $16.82. The company had a trading volume of 1,146,258 shares, compared to its average volume of 1,052,185. Hercules Capital has a one year low of $15.65 and a one year high of $22.04. The stock has a market capitalization of $2.91 billion, a P/E ratio of 10.45 and a beta of 1.13. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The stock's 50-day simple moving average is $19.43 and its two-hundred day simple moving average is $19.66.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million for the quarter, compared to analysts' expectations of $124.09 million. Research analysts anticipate that Hercules Capital will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Hercules Capital

A number of institutional investors and hedge funds have recently modified their holdings of HTGC. Ameriflex Group Inc. acquired a new stake in shares of Hercules Capital during the fourth quarter worth $29,000. Avior Wealth Management LLC raised its holdings in Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after buying an additional 1,152 shares during the period. Estabrook Capital Management lifted its stake in Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after buying an additional 1,324 shares in the last quarter. Archer Investment Corp lifted its stake in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Hercules Capital in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.