StarTek (NYSE:SRT) has been given a $12.00 price target by investment analysts at Lake Street Capital in a research note issued on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Lake Street Capital’s target price would suggest a potential upside of 43.71% from the stock’s current price.
Several other research analysts have also weighed in on SRT. ValuEngine lowered shares of StarTek from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of StarTek from a “hold” rating to a “sell” rating in a research note on Friday, May 10th.
StarTek stock traded up $0.17 during midday trading on Friday, hitting $8.35. 67,600 shares of the stock were exchanged, compared to its average volume of 67,794. StarTek has a 52 week low of $5.26 and a 52 week high of $8.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.13 and a quick ratio of 1.33.
StarTek (NYSE:SRT) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). StarTek had a negative return on equity of 8.22% and a negative net margin of 5.21%. The firm had revenue of $161.14 million for the quarter.
In related news, COO Peter F. Martino sold 5,000 shares of StarTek stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $7.41, for a total transaction of $37,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.92% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in StarTek by 0.4% in the fourth quarter. BlackRock Inc. now owns 393,187 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 1,595 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in StarTek in the fourth quarter valued at approximately $38,000. Dimensional Fund Advisors LP lifted its stake in StarTek by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 783,206 shares of the business services provider’s stock valued at $6,172,000 after buying an additional 34,478 shares in the last quarter. Citigroup Inc. bought a new position in StarTek in the first quarter valued at approximately $141,000. Finally, ExodusPoint Capital Management LP lifted its stake in StarTek by 272.1% in the first quarter. ExodusPoint Capital Management LP now owns 39,440 shares of the business services provider’s stock valued at $311,000 after buying an additional 28,840 shares in the last quarter. 10.34% of the stock is currently owned by hedge funds and other institutional investors.
StarTek Company Profile
StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.
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