GEE Group (NYSEAMERICAN:JOB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $3.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 16.73% from the company’s previous close.
According to Zacks, “GEE Group Inc. is a provider of professional staffing services and solutions. GEE Group Inc., formerly known as General Employment Enterprises, Inc., is based in Naperville, Illinois. “
Separately, Maxim Group set a $8.00 price target on shares of GEE Group and gave the stock a “buy” rating in a research report on Wednesday, February 14th.
Shares of GEE Group (NYSEAMERICAN:JOB) opened at $2.57 on Tuesday. The company has a market cap of $25.39, a price-to-earnings ratio of -10.71 and a beta of 0.23. GEE Group has a fifty-two week low of $2.45 and a fifty-two week high of $7.00.
GEE Group (NYSEAMERICAN:JOB) last announced its quarterly earnings results on Thursday, December 28th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. GEE Group had a net margin of 8.04% and a return on equity of 67.72%.
In related news, Director Arthur B. Laffer acquired 12,289 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were acquired at an average cost of $2.59 per share, with a total value of $31,828.51. Following the transaction, the director now owns 90,160 shares of the company’s stock, valued at approximately $233,514.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. bought a new stake in GEE Group in the 3rd quarter valued at $443,000. Wells Fargo & Company MN bought a new stake in GEE Group in the 4th quarter valued at $250,000. Finally, Vanguard Group Inc. lifted its position in GEE Group by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 77,099 shares of the company’s stock valued at $399,000 after acquiring an additional 2,049 shares in the last quarter.
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GEE Group Company Profile
GEE Group Inc, formerly General Employment Enterprises, Inc, is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis.
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