Capstone Turbine Corp. (NASDAQ:CPST) has been given a $1.00 price target by research analysts at Roth Capital in a research note issued to investors on Thursday. The firm presently has a a “hold” rating on the stock. Roth Capital’s price objective would suggest a potential upside of 7.52% from the stock’s current price.
Separately, Zacks Investment Research cut shares of Capstone Turbine Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th.
Shares of Capstone Turbine Corp. (NASDAQ:CPST) opened at 0.9301 on Thursday. The company has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.47. The company’s market capitalization is $28.02 million. Capstone Turbine Corp. has a 1-year low of $0.87 and a 1-year high of $4.40.
Capstone Turbine Corp. (NASDAQ:CPST) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $19.06 million for the quarter, compared to analysts’ expectations of $19.32 million. Capstone Turbine Corp. had a negative net margin of 30.70% and a negative return on equity of 90.54%. The business’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) EPS. Equities analysts predict that Capstone Turbine Corp. will post ($0.50) EPS for the current fiscal year.
In other Capstone Turbine Corp. news, Director Deursen Holly Van bought 33,300 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $1.51 per share, for a total transaction of $50,283.00. Following the transaction, the director now owns 61,705 shares of the company’s stock, valued at $93,174.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in CPST. Wedbush Securities Inc. boosted its stake in shares of Capstone Turbine Corp. by 14.3% in the second quarter. Wedbush Securities Inc. now owns 94,138 shares of the company’s stock valued at $130,000 after buying an additional 11,800 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock valued at $1,068,000 after buying an additional 199,745 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Capstone Turbine Corp. during the second quarter valued at about $193,000. Finally, Sabby Management LLC acquired a new stake in shares of Capstone Turbine Corp. during the second quarter valued at about $1,845,000. Hedge funds and other institutional investors own 11.55% of the company’s stock.
About Capstone Turbine Corp.