Zacks Investment Research upgraded shares of GEE Group (NYSEAMERICAN:JOB) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $3.00 price objective on the stock.
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 target price on GEE Group and gave the company a buy rating in a research report on Wednesday, February 14th.
Shares of GEE Group (NYSEAMERICAN:JOB) opened at $2.57 on Tuesday. The firm has a market capitalization of $25.39, a price-to-earnings ratio of -10.71 and a beta of 0.23. GEE Group has a 1 year low of $2.45 and a 1 year high of $7.00.
GEE Group (NYSEAMERICAN:JOB) last issued its earnings results on Thursday, December 28th. The company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.01. GEE Group had a return on equity of 67.72% and a net margin of 8.04%.
In other news, Director Arthur B. Laffer bought 12,289 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was acquired at an average cost of $2.59 per share, with a total value of $31,828.51. Following the transaction, the director now directly owns 90,160 shares in the company, valued at approximately $233,514.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JOB. Vanguard Group Inc. raised its position in shares of GEE Group by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 77,099 shares of the company’s stock worth $399,000 after acquiring an additional 2,049 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of GEE Group in the 3rd quarter worth $443,000. Finally, Wells Fargo & Company MN bought a new position in shares of GEE Group in the 4th quarter worth $250,000.
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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