JFB Construction (NASDAQ:JFB) Shares Up 0.5% – What’s Next?

JFB Construction Holding (NASDAQ:JFB)’s share price was up 0.5% on Tuesday . The company traded as high as $3.79 and last traded at $3.74. 197,048 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 288,859 shares. The stock had previously closed at $3.72.

Analysts Set New Price Targets

A number of brokerages recently commented on JFB. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JFB Construction in a report on Wednesday, July 8th. Roth Capital started coverage on JFB Construction in a research note on Thursday, July 2nd. They set a “buy” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

JFB Construction Price Performance

The business has a 50-day moving average of $5.01 and a 200-day moving average of $5.58. The company has a market capitalization of $76.27 million, a P/E ratio of -8.57 and a beta of 3.13.

JFB Construction (NASDAQ:JFB) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 32.35%. The firm had revenue of $12.68 million for the quarter.

Institutional Trading of JFB Construction

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of JFB Construction during the first quarter valued at approximately $76,000. Royal Bank of Canada raised its holdings in shares of JFB Construction by 4,188.8% in the first quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock worth $120,000 after buying an additional 19,143 shares during the period. Geode Capital Management LLC lifted its stake in shares of JFB Construction by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after acquiring an additional 2,168 shares during the last quarter. Nomura Holdings Inc. purchased a new position in JFB Construction during the 3rd quarter valued at $258,000. Finally, 683 Capital Management LLC purchased a new stake in shares of JFB Construction during the fourth quarter valued at $389,000.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.