Capstone Turbine Corp. (NASDAQ:CPST) has earned a consensus rating of “Hold” from the four brokerages that are covering the company. Four investment analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.48.
Several brokerages have recently weighed in on CPST. Roth Capital set a $1.40 price objective on Capstone Turbine Corp. and gave the stock a “hold” rating in a report on Saturday, August 6th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Capstone Turbine Corp. in a report on Friday, June 10th.
Shares of Capstone Turbine Corp. (NASDAQ:CPST) opened at 1.45 on Tuesday. The firm’s market capitalization is $43.69 million. Capstone Turbine Corp. has a 52-week low of $1.00 and a 52-week high of $5.80. The company’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.49.
Capstone Turbine Corp. (NASDAQ:CPST) last released its earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. The firm had revenue of $19.06 million for the quarter, compared to analyst estimates of $19.32 million. Capstone Turbine Corp. had a negative return on equity of 90.54% and a negative net margin of 30.70%. The company’s revenue was down 29.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Analysts forecast that Capstone Turbine Corp. will post ($0.49) earnings per share for the current year.
In related news, Director Deursen Holly Van bought 33,300 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $1.51 per share, for a total transaction of $50,283.00. Following the transaction, the director now directly owns 61,705 shares of the company’s stock, valued at $93,174.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Sabby Management LLC bought a new position in Capstone Turbine Corp. during the second quarter valued at approximately $1,845,000. Vanguard Group Inc. increased 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 during the period. Ancora Advisors LLC bought a new position in Capstone Turbine Corp. during the second quarter valued at approximately $193,000. Finally, Wedbush Securities Inc. increased 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 during the period. Institutional investors and hedge funds 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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