In today’s recent session, 0.56 million shares of the Hertz Global Holdings Inc (NASDAQ:HTZ) have been traded, and its beta is 2.48. Most recently the company’s share price was $3.45, and it changed around $0.01 or 0.44% from the last close, which brings the market valuation of the company to $1.06B. HTZ at last check was trading at a discount to its 52-week high of $8.20, offering almost -137.68% off that amount. The share price’s 52-week low was $2.47, which indicates that the recent value has risen by an impressive 28.41% since then. We note from Hertz Global Holdings Inc’s average daily trading volume that its 10-day average is 11.85 million shares, with the 3-month average coming to 5.44 million.
Hertz Global Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.70. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended HTZ as a Hold, whereas 0 deemed it a Buy, and 4 rated it as Underweight. Hertz Global Holdings Inc is expected to report earnings per share of -0.96 for the current quarter.
Hertz Global Holdings Inc (NASDAQ:HTZ) trade information
Instantly HTZ has been showing a green trend so far today with a performance of 0.44% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.70 on recent trading dayincreased the stock’s daily price by 6.76%. The company’s shares are currently down -5.60% year-to-date, but still down -0.72% over the last five days. On the other hand, Hertz Global Holdings Inc (NASDAQ:HTZ) is -18.51% down in the 30-day period. We can see from the shorts that 43.05 million shares have been sold at a short interest cover period of 9.99 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 50.71% from its current value. Analyst projections state that HTZ is forecast to be at a low of $4 and a high of $34.
Hertz Global Holdings Inc (HTZ) estimates and forecasts
The year-over-year growth rate is expected to be 1.61%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 2.01B in revenue for the current quarter. 6 analysts expect Hertz Global Holdings Inc to make 2.37B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.08B and 2.35B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.54%. Forecasts for the next quarter put sales growth at 0.61%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -79.95%. Hertz Global Holdings Inc earnings are expected to increase by 72.34% in 2025, but the outlook is positive 74.40% per year for the next five years.
Hertz Global Holdings Inc (NASDAQ:HTZ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.95% of Hertz Global Holdings Inc shares, and 91.42% of them are in the hands of institutional investors. The stock currently has a share float of 94.21%. Hertz Global Holdings Inc stock is held by 310.0 institutions, with KNIGHTHEAD CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 59.2992% of the shares, which is about 181.46 million shares worth $640.54 million.
BLACKROCK INC., with 6.7295% or 20.53 million shares worth $72.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Small-Cap ETF and iShares Russell 2000 ETF were the top two Mutual Funds as of Feb 28, 2025. The former held 7.9 shares worth $27.56 million, making up 1.67% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.41 shares worth around $11.88 million, which represents about 0.72% of the total shares outstanding.
