Heska Corp. (NASDAQ:HSKA) was downgraded by research analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $71.00 price objective on the stock. Sidoti’s price objective would indicate a potential upside of 7.06% from the company’s current price.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Heska Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Gabelli cut Heska Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Finally, B. Riley reiterated a “neutral” rating and issued a $53.00 price objective on shares of Heska Corp. in a report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.17.
Shares of Heska Corp. (NASDAQ:HSKA) opened at 66.32 on Monday. The company has a market cap of $457.48 million, a PE ratio of 53.10 and a beta of 0.74. Heska Corp. has a 12 month low of $26.25 and a 12 month high of $69.80. The firm’s 50-day moving average price is $57.86 and its 200 day moving average price is $48.13.
Heska Corp. (NASDAQ:HSKA) last issued its earnings results on Tuesday, November 1st. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.20. The business had revenue of $33.40 million for the quarter, compared to analysts’ expectations of $31.36 million. Heska Corp. had a return on equity of 10.46% and a net margin of 7.55%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Heska Corp. will post $1.32 earnings per share for the current fiscal year.
In other Heska Corp. news, CFO Jason A. Napolitano sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $52.53, for a total value of $262,650.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of HSKA. Prudential Financial Inc. raised its stake in Heska Corp. by 229.6% in the first quarter. Prudential Financial Inc. now owns 22,250 shares of the company’s stock worth $634,000 after buying an additional 15,500 shares in the last quarter. Acadian Asset Management LLC raised its stake in Heska Corp. by 21.5% in the second quarter. Acadian Asset Management LLC now owns 102,804 shares of the company’s stock worth $3,821,000 after buying an additional 18,211 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new stake in Heska Corp. during the second quarter worth $279,000. Pembroke Management LTD bought a new stake in Heska Corp. during the second quarter worth $5,096,000. Finally, Bank of Montreal Can bought a new stake in Heska Corp. during the second quarter worth $128,000. 72.70% of the stock is currently owned by institutional investors and hedge funds.
About Heska Corp.