GEE Group Inc Gets a Buy Rating from Maxim Group

By Austin Angelo

In a report released today, Brian Kinstlinger from Maxim Group reiterated a Buy rating on GEE Group Inc (NYSE: JOB), with a price target of $10. The company’s shares opened today at $6.15.

Kinstlinger observed:

“The company reported March quarter revenue of $21.6 million, flat over the year-ago period, and in line with our estimate of $21.5 million. Professional direct placement and staffing revenues remained unchanged at 71% of revenue in 2Q:F17, compared to 2Q:F16 We expect that the recently announced SNI acquisition to accelerate the company’s shift towards higher margin professional staffing revenues.”

According to TipRanks.com, Kinstlinger is a 1-star analyst with an average return of -1.2% and a 46.3% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Tyler Technologies, and Evolving Systems.

GEE Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.

GEE Group Inc’s market cap is currently $56.84M and has a P/E ratio of 35.50. The company has a book value ratio of 2.2938.

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GEE Group, Inc. engages in the provision of staffing solutions. The company operates through two segments: Contract Staffing Services and Direct Hire Placement. Its services include professional staffing, which consist quality professional talent placement; commercial staffing, consist of flexible on demand staffing solution; and Healthcare Staffing, provides diversified product that allows to minimize the burdens of workforce management in healthcare organization. The company was founded in 1893 and is headquartered in Naperville, IL.