Hercules Capital (NYSE:HTGC) Price Target Raised to $20.00 at Wells Fargo & Company

Hercules Capital (NYSE:HTGC) had its price target increased by investment analysts at Wells Fargo & Company from $19.50 to $20.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 2.93% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. JMP Securities lifted their target price on shares of Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Piper Sandler lifted their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and an average price target of $18.56.

Hercules Capital Trading Up 0.7 %

Shares of HTGC traded up $0.13 on Friday, hitting $19.43. 1,369,561 shares of the stock traded hands, compared to its average volume of 744,423. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $3.15 billion, a P/E ratio of 8.83 and a beta of 1.32. The stock’s 50 day moving average is $18.41 and its two-hundred day moving average is $17.17. Hercules Capital has a 1 year low of $12.40 and a 1 year high of $19.70.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $121.55 million for the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.91%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, sell-side analysts predict that Hercules Capital will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Hercules Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTGC. Cambridge Investment Research Advisors Inc. increased its stake in Hercules Capital by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 107,094 shares of the financial services provider’s stock worth $1,758,000 after buying an additional 4,805 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Hercules Capital by 17.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,808 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 6,901 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Hercules Capital in the 3rd quarter worth about $203,000. Taylor Frigon Capital Management LLC increased its position in shares of Hercules Capital by 1.3% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 112,930 shares of the financial services provider’s stock worth $1,854,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hercules Capital by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.