Heska Corp. (HSKA) Sees Unusually-High Trading Volume
Shares of Heska Corp. (NASDAQ:HSKA) saw an uptick in trading volume on Thursday . 107,764 shares changed hands during trading, an increase of 27% from the previous session’s volume of 84,547 shares.The stock last traded at $41.33 and had previously closed at $40.48.
HSKA has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $42.50 price objective on shares of Heska Corp. in a research note on Wednesday, May 4th. Zacks Investment Research upgraded shares of 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. TheStreet upgraded shares of Heska Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Sidoti started coverage on shares of Heska Corp. in a research note on Friday, July 1st. They set a “buy” rating and a $49.00 price target for the company. Finally, CL King started coverage on shares of Heska Corp. in a research note on Friday, April 1st. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.17.
The firm has a market capitalization of $275.23 million and a price-to-earnings ratio of 50.48. The company’s 50 day moving average price is $36.30 and its 200 day moving average price is $33.84.
Heska Corp. (NASDAQ:HSKA) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $23.32 million. Equities research analysts forecast that Heska Corp. will post $0.85 earnings per share for the current fiscal year.
In other news, CEO Kevin S. Wilson sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $36.74, for a total transaction of $734,800.00. Following the completion of the sale, the chief executive officer now owns 190,000 shares of the company’s stock, valued at $6,980,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sharon L. Riley sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $35.66, for a total value of $534,900.00. Following the sale, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $338,770. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Heska Corp. stock. Oxford Asset Management acquired a new position in shares of Heska Corp. (NASDAQ:HSKA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.
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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