Robert W. Baird reaffirmed their hold rating on shares of StarTek, Inc. (NYSE:SRT) in a research report sent to investors on Wednesday. They currently have a $12.00 price target on the business services provider’s stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of StarTek from a hold rating to a sell rating in a research note on Thursday, August 17th. Lake Street Capital raised their price target on shares of StarTek from $11.00 to $14.00 and gave the company a buy rating in a research note on Thursday, August 10th.

StarTek (SRT) opened at 12.09 on Wednesday. The firm’s 50-day moving average price is $11.67 and its 200 day moving average price is $11.05. The firm has a market cap of $192.82 million, a PE ratio of 46.15 and a beta of -0.06. StarTek has a 52-week low of $5.70 and a 52-week high of $14.78.

StarTek (NYSE:SRT) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. StarTek had a net margin of 1.43% and a return on equity of 9.60%. The company had revenue of $73.98 million for the quarter, compared to analyst estimates of $76.84 million. During the same quarter last year, the business earned ($0.11) earnings per share. On average, equities analysts anticipate that StarTek will post $0.30 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of SRT. Engine Capital Management LLC increased its stake in shares of StarTek by 8,617.8% during the first quarter. Engine Capital Management LLC now owns 784,425 shares of the business services provider’s stock valued at $6,817,000 after acquiring an additional 775,427 shares during the period. Algert Global LLC acquired a new position in shares of StarTek during the second quarter valued at approximately $1,390,000. State Street Corp acquired a new position in shares of StarTek during the second quarter valued at approximately $1,383,000. Northern Trust Corp increased its stake in shares of StarTek by 292.7% during the second quarter. Northern Trust Corp now owns 127,000 shares of the business services provider’s stock valued at $1,555,000 after acquiring an additional 94,656 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of StarTek by 31.3% during the second quarter. Vanguard Group Inc. now owns 376,404 shares of the business services provider’s stock valued at $4,607,000 after acquiring an additional 89,679 shares during the period. Institutional investors and hedge funds own 48.99% of the company’s stock.

About StarTek

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

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