Capstone Turbine Corp. (NASDAQ:CPST) Given Average Recommendation of “Hold” by Brokerages
Capstone Turbine Corp. (NASDAQ:CPST) has been assigned a consensus rating of “Hold” from the four analysts that are currently covering the company. Four research analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $1.48.
Several analysts recently issued reports on the stock. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Capstone Turbine Corp. in a report on Friday, June 10th. Roth Capital set a $1.40 target price on shares of Capstone Turbine Corp. and gave the company a “hold” rating in a research note on Saturday, August 6th.
Capstone Turbine Corp. (NASDAQ:CPST) traded up 0.376% on Tuesday, hitting $1.335. 156,616 shares of the company were exchanged. The firm has a 50 day moving average of $1.51 and a 200-day moving average of $1.50. The stock’s market cap is $40.22 million. Capstone Turbine Corp. has a 52-week low of $1.00 and a 52-week high of $5.80.
Capstone Turbine Corp. (NASDAQ:CPST) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $19.06 million for the quarter, compared to analysts’ expectations of $19.32 million. Capstone Turbine Corp. had a negative net margin of 30.70% and a negative return on equity of 90.54%. The firm’s quarterly revenue was down 29.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. On average, equities analysts expect that Capstone Turbine Corp. will post ($0.49) earnings per share for the current fiscal year.
In other Capstone Turbine Corp. news, Director Deursen Holly Van bought 33,300 shares of the stock in a transaction on Thursday, August 11th. The stock was purchased at an average price of $1.51 per share, for a total transaction of $50,283.00. Following the completion of the purchase, the director now directly owns 61,705 shares in the company, valued at $93,174.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CPST. Sabby Management LLC purchased a new position in Capstone Turbine Corp. during the second quarter valued at approximately $1,845,000. Vanguard Group Inc. raised its position in Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock valued at $1,068,000 after buying an additional 199,745 shares in the last quarter. Ancora Advisors LLC purchased a new position in Capstone Turbine Corp. during the second quarter valued at approximately $193,000. Finally, Wedbush Securities Inc. raised its position in Capstone Turbine Corp. by 14.3% in the second quarter. Wedbush Securities Inc. now owns 94,138 shares of the company’s stock valued at $130,000 after buying an additional 11,800 shares in the last quarter. Hedge funds and other institutional investors own 12.93% of the company’s stock.
About Capstone Turbine Corp.
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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