UBS Group Lowers Kforce (NASDAQ:KFRC) Price Target to $34.50
UBS Group has lowered its price target for Kforce (NASDAQ:KFRC) from $40.00 to $34.50, maintaining a "neutral" rating. This new target suggests an 11.25% upside from the previous close. Other analysts have also downgraded Kforce, with Zacks Research changing its rating to "strong sell". Kforce's stock traded down to $31.01, with a market cap of $576.79 million. The company reported earnings of $0.63 per share, exceeding estimates, but revenue declined by 5.9% year-over-year. Institutional investors hold 92.77% of Kforce's stock.
Kforce (NASDAQ:KFRC - Get Free Report) had its target price reduced by analysts at UBS Group from $40.00 to $34.50 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. UBS Group's price objective indicates a potential upside of 11.25% from the company's previous close.
- Kforce Stock is a Workforce Recovery Play
Several other research firms have also commented on KFRC. Zacks Research lowered shares of Kforce from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 28th. Truist Financial lowered their price target on shares of Kforce from $46.00 to $35.00 and set a "hold" rating for the company in a research report on Monday, October 13th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $34.75.
Check Out Our Latest Report on Kforce
Kforce Stock Performance
- Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play
KFRC stock traded down $0.57 during trading on Wednesday, hitting $31.01. 516,531 shares of the company's stock traded hands, compared to its average volume of 197,061. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce has a 52 week low of $24.49 and a 52 week high of $62.80. The stock has a fifty day moving average price of $29.47 and a two-hundred day moving average price of $36.11. The stock has a market capitalization of $576.79 million, a price-to-earnings ratio of 11.57 and a beta of 0.68.
Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, November 3rd. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analyst estimates of $328.34 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Kforce has set its Q4 2025 guidance at 0.430-0.510 EPS. As a group, equities analysts anticipate that Kforce will post 2.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Kforce
Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in Kforce by 1,069.1% in the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock valued at $39,000 after acquiring an additional 727 shares during the last quarter. Quarry LP acquired a new stake in Kforce in the 1st quarter valued at about $42,000. Meeder Asset Management Inc. lifted its holdings in Kforce by 336.1% in the 1st quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock valued at $47,000 after acquiring an additional 736 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Kforce in the 3rd quarter valued at about $29,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Kforce by 3,756.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,234 shares of the business services provider's stock valued at $51,000 after acquiring an additional 1,202 shares during the last quarter. Institutional investors own 92.77% of the company's stock.
About Kforce
(Get Free Report)Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.
See Also
- Five stocks we like better than Kforce
- How to trade penny stocks: A step-by-step guide
- 3 Cash-Rich Stocks With High Growth Potential Right Now
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Why Vertical Aerospace Stock Could Double After This Flight Test
- Short Selling - The Pros and Cons
- Amazon: Breakout Confirmed—Here’s Where It Could Go Next
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Kforce Right Now?
Before you consider Kforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kforce wasn't on the list.
While Kforce currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
