Sterling Check (NASDAQ:STER) Research Coverage Started at Needham & Company LLC

Needham & Company LLC began coverage on shares of Sterling Check (NASDAQ:STERGet Rating) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $27.00 price objective on the stock.

Separately, Morgan Stanley raised their price objective on Sterling Check from $24.00 to $25.00 and gave the company an equal weight rating in a research note on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Sterling Check presently has a consensus rating of Moderate Buy and a consensus price target of $28.44.

Sterling Check Stock Down 1.3 %

Shares of NASDAQ:STER opened at $20.08 on Tuesday. The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of -286.82. The company has a 50 day moving average of $20.59 and a two-hundred day moving average of $20.96. Sterling Check has a 52-week low of $14.65 and a 52-week high of $28.99. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.68.

Sterling Check (NASDAQ:STERGet Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $205.59 million during the quarter, compared to analyst estimates of $191.64 million. Sterling Check had a negative net margin of 0.64% and a positive return on equity of 10.37%. Sterling Check’s revenue was up 29.0% on a year-over-year basis. As a group, analysts forecast that Sterling Check will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at Sterling Check

In related news, insider Steven L. Barnett sold 3,332 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $23.00, for a total transaction of $76,636.00. Following the transaction, the insider now directly owns 148,426 shares in the company, valued at $3,413,798. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven L. Barnett sold 3,332 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $23.00, for a total transaction of $76,636.00. Following the completion of the sale, the insider now owns 148,426 shares of the company’s stock, valued at approximately $3,413,798. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven L. Barnett sold 3,465 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $23.03, for a total transaction of $79,798.95. Following the completion of the transaction, the insider now directly owns 138,691 shares in the company, valued at approximately $3,194,053.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,996 shares of company stock worth $161,012. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP boosted its holdings in shares of Sterling Check by 210.7% during the second quarter. Dark Forest Capital Management LP now owns 1,824 shares of the company’s stock valued at $30,000 after acquiring an additional 1,237 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Sterling Check in the 2nd quarter worth approximately $59,000. Amalgamated Bank bought a new position in shares of Sterling Check in the first quarter valued at approximately $61,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Sterling Check in the first quarter valued at approximately $148,000. Finally, Spire Wealth Management acquired a new position in shares of Sterling Check during the second quarter valued at approximately $150,000. 86.39% of the stock is currently owned by 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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