Heska Corp. (HSKA) Hits New 52-Week High at $40.80
Heska Corp. (NASDAQ:HSKA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.80 and last traded at $40.80, with a volume of 69,680 shares trading hands. The stock had previously closed at $38.41.
A number of equities research analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $41.50 price objective on shares of Heska Corp. in a research note on Thursday, April 28th. Zacks Investment Research upgraded Heska Corp. from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Thursday, May 5th. Sidoti assumed coverage on Heska Corp. in a research note on Friday, July 1st. They set a “buy” rating and a $49.00 price objective for the company. CL King assumed coverage on Heska Corp. in a research note on Friday, April 1st. They set a “buy” rating for the company. Finally, TheStreet upgraded Heska Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.17.
The stock has a market cap of $275.23 million and a P/E ratio of 50.48. The company has a 50-day moving average price of $36.30 and a 200-day moving average price of $33.84.
Heska Corp. (NASDAQ:HSKA) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. The company earned $27.10 million during the quarter, compared to analyst estimates of $23.32 million. On average, analysts expect that Heska Corp. will post $0.85 earnings per share for the current year.
In other news, CEO Kevin S. Wilson sold 5,960 shares of Heska Corp. stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $40.27, for a total value of $240,009.20. Following the transaction, the chief executive officer now directly owns 160,000 shares in the company, valued at $6,443,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Mcginley sold 5,998 shares of Heska Corp. stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $36.50, for a total value of $218,927.00. Following the completion of the transaction, the insider now owns 30,801 shares in the company, valued at $1,124,236.50. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Heska Corp. stock. Oxford Asset Management acquired a new position in Heska Corp. (NASDAQ:HSKA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,465 shares of the company’s stock, valued at approximately $2,591,000. Oxford Asset Management owned about 1.02% of Heska Corp. at the end of the most recent quarter.
Heska Corporation develops, manufactures, markets, sells and supports veterinary products. The Company is focused on the canine and feline companion animal health markets. The Company operates in two segments: Core Companion Animal Health and Other Vaccines Pharmaceuticals and Products. The Core Companion Animal Health segment (CCA) includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing.
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