On February 10, 2023, Needham downgraded their outlook for Sterling Check Corp (NASDAQ:STER) from Buy to Hold.
Analyst Price Forecast Suggests 36.51% Upside
As of February 15, 2023, the average one-year price target for Sterling Check is $18.36. The forecasts range from a low of $14.14 to a high of $21.00. The average price target represents an increase of 36.51% from its latest reported closing price of $13.45.
Q4 2022 hedge fund letters, conferences and more
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The projected annual revenue for Sterling Check is $804MM, an increase of 4.34%. The projected annual EPS is $1.20, an increase of 277.43%.
Goldman Sachs Group holds 59,957K shares representing 61.99% ownership of the company. In it's prior filing, the firm reported owning 59,955K shares, representing an increase of 0.00%. The firm decreased its portfolio allocation in STER by 15.09% over the last quarter.
Wellington Management Group Llp holds 5,890K shares representing 6.09% ownership of the company. In it's prior filing, the firm reported owning 5,526K shares, representing an increase of 6.19%. The firm decreased its portfolio allocation in STER by 99.99% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 4,727K shares representing 4.89% ownership of the company. In it's prior filing, the firm reported owning 4,583K shares, representing an increase of 3.04%. The firm increased its portfolio allocation in STER by 7.86% over the last quarter.
Progeny 3 holds 3,213K shares representing 3.32% ownership of the company. No change in the last quarter.
Lazard Asset Management holds 1,267K shares representing 1.31% ownership of the company. In it's prior filing, the firm reported owning 1,459K shares, representing a decrease of 15.18%. The firm decreased its portfolio allocation in STER by 63.41% over the last quarter.
What Is The Fund Sentiment?
There are 208 funds or institutions reporting positions in Sterling Check. This is a decrease of 4 owner(s) or 1.89% in the last quarter. Average portfolio weight of all funds dedicated to STER is 0.12%, a decrease of 20.07%. Total shares owned by institutions decreased in the last three months by 2.55% to 85,611K shares. The put/call ratio of STER is 0.66, indicating a bullish outlook.
Sterling Check Background Information
(This description is provided by the company.)
Sterling is a world-class global provider of technology-enabled background and identity verification services, powered by robust cloud platforms and differentiated by both deep market knowledge and exceptional client service.
Sterling provides the foundation of trust and safety to help organizations create great environments for their most essential resource, people. Sterling believes everyone has the right to feel safe.
Sterling empowers over 40,000 clients, including over half of the Fortune 100, to make more informed hiring decisions, enhance workplace safety, protect their brand, and mitigate risk. Headquartered in New York City with operations around the world, Sterling conducts more than 75 million background checks annually.
Article by Fintel
