Healthcare Services Group (NASDAQ:HCSG) Price Target Raised to $24.00

Healthcare Services Group (NASDAQ:HCSG) had its target price hoisted by Benchmark from $19.00 to $24.00 in a report released on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the business services provider’s stock.

HCSG has been the topic of a number of other research reports. Robert W. Baird upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Finally, Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Healthcare Services Group Stock Down 0.6%

HCSG opened at $18.49 on Thursday. Healthcare Services Group has a 52-week low of $9.13 and a 52-week high of $20.00. The company has a market cap of $1.34 billion, a P/E ratio of 34.24 and a beta of 0.70. The firm’s 50-day moving average price is $16.12 and its 200-day moving average price is $14.53.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.Healthcare Services Group’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Healthcare Services Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the sale, the executive vice president owned 32,976 shares in the company, valued at approximately $436,932. This represents a 39.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HCSG. EverSource Wealth Advisors LLC raised its stake in shares of Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after buying an additional 1,356 shares during the period. GAMMA Investing LLC raised its stake in shares of Healthcare Services Group by 94.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 1,384 shares during the period. USA Financial Formulas acquired a new position in shares of Healthcare Services Group during the 2nd quarter worth approximately $60,000. US Bancorp DE raised its stake in shares of Healthcare Services Group by 161.4% during the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $82,000 after buying an additional 5,000 shares during the period. Finally, Martingale Asset Management L P acquired a new position in shares of Healthcare Services Group during the 1st quarter worth approximately $127,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.