HireQuest (NASDAQ:HQI) Given New $13.00 Price Target at Barrington Research

HireQuest (NASDAQ:HQI) had its target price dropped by analysts at Barrington Research from $16.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective indicates a potential upside of 41.30% from the company’s current price. Barrington Research also issued estimates for HireQuest’s Q2 2025 earnings at $0.11 EPS and Q3 2025 earnings at $0.11 EPS.

HireQuest Stock Down 9.7%

Shares of NASDAQ:HQI opened at $9.20 on Monday. The company has a market cap of $129.10 million, a P/E ratio of 83.64 and a beta of 1.20. HireQuest has a 52 week low of $9.04 and a 52 week high of $15.75. The business has a fifty day simple moving average of $11.47 and a 200-day simple moving average of $13.15.

HireQuest (NASDAQ:HQI) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). HireQuest had a net margin of 4.04% and a return on equity of 11.02%. The firm had revenue of $7.47 million for the quarter, compared to analysts’ expectations of $8.03 million. Sell-side analysts expect that HireQuest will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HQI. Barclays PLC increased its holdings in HireQuest by 10.4% in the fourth quarter. Barclays PLC now owns 8,651 shares of the company’s stock valued at $123,000 after buying an additional 814 shares during the last quarter. Wells Fargo & Company MN increased its holdings in HireQuest by 36.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,187 shares of the company’s stock valued at $45,000 after buying an additional 847 shares during the last quarter. Geode Capital Management LLC increased its holdings in HireQuest by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 132,303 shares of the company’s stock valued at $1,874,000 after buying an additional 909 shares during the last quarter. Northern Trust Corp increased its holdings in HireQuest by 9.0% in the fourth quarter. Northern Trust Corp now owns 53,808 shares of the company’s stock valued at $762,000 after buying an additional 4,449 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in HireQuest by 233.4% in the third quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company’s stock valued at $141,000 after buying an additional 6,953 shares during the last quarter. Institutional investors and hedge funds own 12.00% of the company’s stock.

HireQuest Company Profile

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.