Trade Report: Today, Heska Corp. (HSKA) Receives Consensus Recommendation of “Buy” from Analysts

Today, Heska Corp. (HSKA) Receives Consensus Recommendation of “Buy” from Analysts

Heska Corp. (NASDAQ:HSKA) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $51.00.

HSKA has been the subject of a number of research reports. B. Riley reissued a “buy” rating and set a $52.50 target price on shares of Heska Corp. in a research note on Saturday, August 6th. Sidoti initiated coverage on shares of Heska Corp. in a research note on Friday, July 1st. They set a “buy” rating and a $49.00 target price for the company. Zacks Investment Research raised shares of Heska Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, July 13th. Finally, Gabelli cut shares of Heska Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.

Heska Corp. (NASDAQ:HSKA) opened at 53.32 on Wednesday. Heska Corp. has a 12 month low of $26.26 and a 12 month high of $57.41. The stock’s 50 day moving average is $54.33 and its 200-day moving average is $42.12. The stock has a market capitalization of $366.58 million, a price-to-earnings ratio of 54.02 and a beta of 0.41.

Heska Corp. (NASDAQ:HSKA) last released its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.17. The business earned $30 million during the quarter, compared to analysts’ expectations of $28.47 million. Heska Corp. had a net margin of 6.22% and a return on equity of 8.75%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, equities research analysts expect that Heska Corp. will post $1.12 earnings per share for the current year.

In related news, EVP Steve Asakowicz sold 4,698 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $52.55, for a total transaction of $246,879.90. Following the transaction, the executive vice president now directly owns 12,858 shares in the company, valued at $675,687.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason A. Napolitano sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $52.53, for a total transaction of $262,650.00. The disclosure for this sale can be found here. Corporate insiders own 15.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HSKA. California State Teachers Retirement System raised its position in Heska Corp. by 6.1% in the second quarter. California State Teachers Retirement System now owns 12,790 shares of the company’s stock valued at $475,000 after buying an additional 735 shares during the last quarter. Bank of New York Mellon Corp raised its position in Heska Corp. by 229.8% in the second quarter. Bank of New York Mellon Corp now owns 79,633 shares of the company’s stock valued at $2,961,000 after buying an additional 55,486 shares during the last quarter. ClariVest Asset Management LLC raised its position in Heska Corp. by 4.8% in the second quarter. ClariVest Asset Management LLC now owns 35,187 shares of the company’s stock valued at $1,308,000 after buying an additional 1,600 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in Heska Corp. during the second quarter valued at $255,000. Finally, Strs Ohio raised its position in Heska Corp. by 8.6% in the second quarter. Strs Ohio now owns 16,500 shares of the company’s stock valued at $613,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.

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