With over 0.16 million Heska Corporation (HSKA) shares trading Friday and a closing price of $85.61 on the day, the dollar volume was approximately $14.1 million. The shares have shown a negative half year performance of -0.93% and its price on 01/20/23 lost nearly -0.49%. Currently, there are 10.37M common shares owned by the public and among those 10.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for HSKA have a consensus price objective of $107.40. The analysts have set the share’s price value over the next 12 months at a high of $165.00 and a low of $58.00. The average price target is 20.29% above its recent price level and a downside to the estimated low will see the stock lose -47.6% over that period. But an upside of 48.12% will see the stock hit the forecast high price target while median target price for the stock is $119.00.
Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 143,024 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 23,688 shares.
The top 3 mutual fund holders in Heska Corporation are iShares Core S&P Small Cap ETF, Alger Funds – Small Cap Focus Fun, and Columbia Small Cap Growth Fund. iShares Core S&P Small Cap ETF owns 0.75 million shares of the company’s stock, all valued at over $46.71 million. The company sold 8397.0 shares recently to bring their total holdings to about 6.94% of the shares outstanding. Alger Funds – Small Cap Focus Fun sold 38921.0 shares to see its total holdings shrink to 0.47 million shares valued at over $29.1 million and representing 4.32% of the shares outstanding. Columbia Small Cap Growth Fund now owns shares totaling to 3.47% of the shares outstanding.
Shares of Heska Corporation (NASDAQ: HSKA) opened at $87.03, up $1.0 from a prior closing price of $86.03. However, the script later moved the day high at 87.03, down -0.49%. The company’s stock has a 5-day price change of 16.52% and 24.51% over the past three months. HSKA shares are trading 37.73% year to date (YTD), with the 12-month market performance down to -40.33% lower. It has a 12-month low price of $57.83 and touched a high of $154.85 over the same period. HSKA has an average intraday trading volume of 102.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.68%, 28.39%, and -1.10% respectively.
Institutional ownership of Heska Corporation (NASDAQ: HSKA) shares accounts for 99.50% of the company’s 10.37M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $931.44M and a beta (3y monthly) value of 1.46. The earnings-per-share (ttm) stands at -$1.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.85% over the week and 6.24% over the month.
Analysts forecast that Heska Corporation (HSKA) will achieve an EPS of -$0.11 for the current quarter, $0.1 for the next quarter and $0.02 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 93.10%, and 90.60% over the next financial year. EPS should grow at an annualized rate of 25.00% over the next five years, compared to -15.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Heska Corporation (HSKA) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the HSKA, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on January 06, 2023, with the firm’s price target at $58. Piper Sandler coverage for the Heska Corporation (HSKA) stock in a research note released on January 06, 2022 offered a Overweight rating with a price target of $210. Morgan Stanley was of a view on November 18, 2021 that the stock is Equal-Weight, while Guggenheim gave the stock Buy rating on July 12, 2021, issuing a price target of $280. Raymond James on their part issued Outperform rating on October 21, 2020.