Wells Fargo & Company Issues Pessimistic Forecast for Hercules Capital (NYSE:HTGC) Stock Price

Hercules Capital (NYSE:HTGC) had its price objective dropped by stock analysts at Wells Fargo & Company from $21.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 5.73% from the company’s current price.

A number of other research analysts have also recently issued reports on HTGC. JMP Securities reiterated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Compass Point boosted their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. UBS Group reduced their price target on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Piper Sandler lowered their price objective on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hercules Capital presently has an average rating of “Moderate Buy” and an average price target of $19.92.

Hercules Capital Price Performance

NYSE HTGC traded up $0.06 during trading on Monday, reaching $17.97. 51,199 shares of the company traded hands, compared to its average volume of 1,057,015. Hercules Capital has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 11.16 and a beta of 1.13. The stock’s 50 day moving average price is $18.72 and its two-hundred day moving average price is $19.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $121.78 million for the quarter, compared to analysts’ expectations of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, analysts anticipate that Hercules Capital will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Hercules Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in Hercules Capital in the fourth quarter valued at approximately $29,000. Avior Wealth Management LLC grew its stake in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,152 shares during the period. Estabrook Capital Management increased its holdings in Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,324 shares during the last quarter. Bessemer Group Inc. acquired a new position in Hercules Capital in the first quarter valued at about $38,000. Finally, Archer Investment Corp boosted its holdings in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,803 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.