Today, Lake Street Capital Upgraded StarTek Inc. (SRT) to Buy

Today, Lake Street Capital Upgraded StarTek Inc. (SRT) to Buy

StarTek Inc. (NYSE:SRT) was upgraded by equities researchers at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $9.00 target price on the stock, up from their previous target price of $6.00. Lake Street Capital’s target price would indicate a potential upside of 16.88% from the company’s current price.

SRT has been the subject of a number of other reports. TheStreet upgraded shares of StarTek from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Zacks Investment Research upgraded shares of StarTek from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th.

Shares of StarTek (NYSE:SRT) opened at 7.70 on Tuesday. The company’s market cap is $121.24 million. StarTek has a 1-year low of $3.38 and a 1-year high of $9.00. The company’s 50-day moving average price is $7.07 and its 200 day moving average price is $5.36.

StarTek (NYSE:SRT) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. StarTek had a negative net margin of 0.15% and a negative return on equity of 1.10%. The company earned $78.30 million during the quarter, compared to analyst estimates of $75.78 million. During the same period in the previous year, the business earned ($0.49) EPS. On average, analysts predict that StarTek will post $0.05 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in StarTek stock. Heartland Advisors Inc. increased its position in shares of StarTek Inc. (NYSE:SRT) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,442,400 shares of the company’s stock after buying an additional 42,400 shares during the period. Heartland Advisors Inc. owned about 9.17% of StarTek worth $8,972,000 at the end of the most recent quarter. 41.60% of the stock is currently owned by institutional investors.

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