Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. It offers hiring and risk management solutions, which include identity verification, criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding, and ongoing risk monitoring. The company's services are delivered through its cloud-based technology platform that empowers organizations with real-time and data-driven insights to conduct and manage their employment screening programs. It serves a client base in a range of industries, such as healthcare, gig economy, financial and business services, industrials, retail, contingent, technology, media and entertainment, transportation and logistics, hospitality, education, and government. The company was formerly known as Sterling Ultimate Parent Corp. and changed its name to Sterling Check Corp. in August 2021. Sterling Check Corp. was founded in 1975 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NASDAQ
Website: sterlingcheck.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2023 | $13.00 | Neutral | Citigroup |
| 9/14/2023 | Peer Perform | Wolfe Research | |
| 2/10/2023 | Buy → Hold | Needham | |
| 1/25/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/21/2022 | $27.00 | Buy | Needham |
| 4/11/2022 | $26.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/3/2022 | $25.00 → $26.00 | Overweight | Morgan Stanley |
| 3/3/2022 | $31.00 → $25.00 | Overweight | Keybanc |
| 1/5/2022 | $28.00 → $25.00 | Equal-Weight → Overweight | Morgan Stanley |
| 11/23/2021 | $28.00 | Equal-Weight | Barclays |
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INDEPENDENCE, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading provider of identity and background services, today announced the appointment of global finance and strategy leader Jagtar Narula to the Sterling Board of Directors. In this capacity, he will serve as an independent director and member of the Audit Committee. Currently serving as the Chief Financial Officer at WEX, Narula brings over two decades of experience generating sustainable business results by integrating finance and strategy with cross-functional implementation to grow revenue and increase profits. With previous executive-level experience at other industry-recognized
INDEPENDENCE, Ohio, June 29, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading provider of identity and background services, today appointed global business leader, Kristin Johnsen, to the Sterling Board of Directors. In this capacity, she will serve as an independent Director of the Board, and a member of the Audit Committee and Nominating & Corporate Governance Committee. "The background and identity screening space is evolving, presenting new opportunities and unique challenges," shared Johnsen. "I'm thrilled to work alongside the Sterling team to unlock areas of transformation for the business and drive strategic growth." Johnsen brings more than 30
NEW YORK, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced the appointment of Judah Sokel to the newly created role of Vice President of Investor Relations, effective October 25, 2021. Reporting to Peter Walker, Sterling's Chief Financial Officer, Judah will lead Sterling's investor relations strategy and oversee its relationships with the investment community. "Judah brings deep knowledge of the business and information services space, extensive sell side experience, and strong relationships with institutional investors to this new role," said
INDEPENDENCE, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling" or "the Company") a leading global provider of technology-enabled background and identity verification services, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights All results compared to prior-year period. Revenues increased 3.8% year-over-year to $186.0 million. Organic constant currency revenue decreased 4.9% and inorganic revenue growth was 8.7%. Organic revenue growth included growth of 11% year-over-year from the combination of new business, up/cross-sell, and customer attrition, offset by a 16% d
Extends First Advantage's high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies' customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experienceDrives attractive total shareholder return outlook, including at least $50 million of synergies, implying expected double-digit Adjusted EPS accretion immediately on a run-rate synergy basis and accelerated earnings growth potential from topline development, synergies, and deleveraging ATLANTA and INDEPENDENCE, Ohio, Feb.
INDEPENDENCE, Ohio, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2023 before the market opens on Wednesday, March 6, 2024. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. To register for the conference call, please click this link. Participants may also access the conference call by dialing 1-833-470-1428 (U.S.) or 1-929-526-1599 (outside the U.S.) and using conference code 152183 approximately ten minutes before t
INDEPENDENCE, Ohio, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the third quarter of fiscal year 2023 before the market opens on Wednesday, November 8, 2023. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. To register for the conference call, please click this link. Participants may also access the conference call by dialing 1-833-470-1428 (U.S.) or 1-929-526-1599 (outside the U.S.) and using conference code 616107 approximately ten minutes before
NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the second quarter of fiscal year 2023 before the market opens on Tuesday, August 8, 2023. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. To register for the conference call, please click this link. Participants may also access the conference call by dialing 1-833-470-1428 (U.S.) or 1-929-526-1599 (outside the U.S.) and using conference code 402363 approximately ten minutes before the start of
NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling" or "the Company") a leading global provider of technology-enabled background and identity verification services, today announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights All results compared to prior-year period. Revenues decreased 6.6% year-over-year to $179.3 million. Organic constant currency revenue decreased 7.1% and inorganic revenue growth was 1.5%. GAAP net income decreased year-over-year to $0.6 million, or $0.01 per diluted share, compared to GAAP net income of $6.2 million, or $0.06 per diluted share, for the prior year period. Adjuste
NEW YORK, March 16, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the first quarter of fiscal year 2023 before the market opens on Tuesday, May 9, 2023. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. Participants may access the conference call by dialing 1-844-200-6205 (U.S.) or +1-929-526-1599 (outside the U.S.) and using conference code 536428 approximately ten minutes before the start of the call. A live audio webcast of the conference call, together w
NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2022 before the market opens on Thursday, March 2, 2023. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. Participants may access the conference call by dialing 1-844-200-6205 (U.S.) or +1-929-526-1599 (outside the U.S.) and using conference code 673805 approximately ten minutes before the start of the call. A live audio webcast of the conference call, togethe
NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of background screening and identity services, today announced that it has acquired Socrates Ltd. ("Socrates"), the largest independent screening company in Latin America. This acquisition expands Sterling's global presence into Latin America to serve the rapidly growing regional hiring needs of both multi-national and local clients. "This is an incredible opportunity to expand Sterling's presence into a region with rapidly increasing hiring demand across our clients, especially in financial services and technology," said Josh Peirez, CEO, Sterling. "The Socrates team has
NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the third quarter of fiscal year 2022 before the market opens on Wednesday, November 9, 2022. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. Participants may access the conference call by dialing 1-844-200-6205 (U.S.) or +1-929-526-1599 (outside the U.S.) and using conference code 450156 approximately ten minutes before the start of the call. A live audio webcast of the conference call, toget
ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as "Company Common Stock Equivalents" in the Merger Agreement (as defined below)) and unvested shares of Sterling common stock to elect the form of merger consideration they wish to receive in connection with First Advantage's acquisition of Sterling (the "Transaction") is 5:00 p.m. Eastern Time on October 24, 2024 (such deadline, as it may be
INDEPENDENCE, Ohio, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling" or "the Company") a leading global provider of technology-enabled background and identity verification services, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights All results compared to prior-year period, except where otherwise noted. Revenues increased 5.3% year-over-year to $200.5 million. Organic constant currency revenue decreased 0.9% from the prior year period and inorganic revenue grew 6.2% from the prior year period. Year-over-year organic revenue trends in the second quarter of 2024 improved from the first quarte
INDEPENDENCE, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling" or "the Company") a leading global provider of technology-enabled background and identity verification services, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights All results compared to prior-year period. Revenues increased 3.8% year-over-year to $186.0 million. Organic constant currency revenue decreased 4.9% and inorganic revenue growth was 8.7%. Organic revenue growth included growth of 11% year-over-year from the combination of new business, up/cross-sell, and customer attrition, offset by a 16% d
INDEPENDENCE, Ohio, May 01, 2024 (GLOBE NEWSWIRE) -- For the fourth consecutive year, Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading provider of background screening and identity services, has been recognized at the top of the industry for its outstanding tools and technologies used by employers to streamline hiring and build strong company cultures. This year marks five years for The HR Tech Awards and for four of those years, Sterling has been among an elite group of technology solutions. The winners were announced today via a livestream event on LinkedIn. Sterling stands out in the field, awarded two distinctions: Talent Acquisition: sourcing, matching, candidate experien
Extends First Advantage's high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies' customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experienceDrives attractive total shareholder return outlook, including at least $50 million of synergies, implying expected double-digit Adjusted EPS accretion immediately on a run-rate synergy basis and accelerated earnings growth potential from topline development, synergies, and deleveraging ATLANTA and INDEPENDENCE, Ohio, Feb.
Introduces Full Year 2024 Guidance Announces Agreement to Acquire Sterling Check Corp. Full Year 2023 Highlights1 Revenues of $763.8 millionNet Income of $37.3 million; Adjusted Net Income of $145.8 millionAdjusted EBITDA of $237.6 millionGAAP Diluted Net Income Per Share of $0.26; Adjusted Diluted Earnings Per Share of $1.00Cash Flows from Operations of $162.8 millionEnded the year with Cash and Cash Equivalents of $213.8 million, after the $217.7 million one-time special dividend payment, $59.0 million in share repurchases, and the $41.0 million acquisition of Infinite ID Fourth Quarter 2023 Highlights1 Revenues of $202.6 millionNet Income of $14.8 million; Adjusted Net Income of $42.
INDEPENDENCE, Ohio, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2023 before the market opens on Wednesday, March 6, 2024. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time. To register for the conference call, please click this link. Participants may also access the conference call by dialing 1-833-470-1428 (U.S.) or 1-929-526-1599 (outside the U.S.) and using conference code 152183 approximately ten minutes before t
Fountain, the leading comprehensive platform for hiring and onboarding the frontline workforce, and Sterling (NASDAQ:STER), a leading global background screening and identity services provider, marked five years of their successful partnership by announcing Fountain's selection of Sterling as the preferred background screening partner for Fountain clients. This strategic partnership aims to further streamline the screening process for the hospitality, retail, healthcare, gig economy, and logistics industries via tech-enabled compliance solutions and the elimination of manual tasks. As part of this expanded partnership, Fountain and Sterling collaborated to combine Fountain's innovative wo
INDEPENDENCE, Ohio, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of background screening and identity services, today announced that it has acquired Vault Workforce Screening ("Vault"), a leading U.S. clinic management platform. The acquisition brings a network of 17,000 clinics and a flexible service model to enhance Sterling's existing drug and health services. This will enable Sterling to deliver additional market leading screening solutions for employers in healthcare, transportation, and other regulated industries where staffing challenges are most acute, decreasing time-to-hire and improving employee retention. As part
INDEPENDENCE, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading provider of identity and background services, today announced the appointment of global finance and strategy leader Jagtar Narula to the Sterling Board of Directors. In this capacity, he will serve as an independent director and member of the Audit Committee. Currently serving as the Chief Financial Officer at WEX, Narula brings over two decades of experience generating sustainable business results by integrating finance and strategy with cross-functional implementation to grow revenue and increase profits. With previous executive-level experience at other industry-recognized
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Citigroup initiated coverage of Sterling Check Corp. with a rating of Neutral and set a new price target of $13.00
Wolfe Research resumed coverage of Sterling Check Corp. with a rating of Peer Perform
Needham downgraded Sterling Check Corp. from Buy to Hold
KeyBanc Capital Markets downgraded Sterling Check Corp. from Overweight to Sector Weight
Needham initiated coverage of Sterling Check Corp. with a rating of Buy and set a new price target of $27.00
Morgan Stanley downgraded Sterling Check Corp. from Overweight to Equal-Weight and set a new price target of $26.00
Morgan Stanley reiterated coverage of Sterling Check with a rating of Overweight and set a new price target of $26.00 from $25.00 previously
Keybanc reiterated coverage of Sterling Check with a rating of Overweight and set a new price target of $25.00 from $31.00 previously
Morgan Stanley upgraded Sterling Check from Equal-Weight to Overweight and set a new price target of $25.00 from $28.00 previously
Barclays initiated coverage of Sterling Check with a rating of Equal-Weight and set a new price target of $28.00
Sterling Check (NASDAQ:STER) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.27 by 29.63 percent. This is a 20.83 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $185.999 million which beat the analyst consensus estimate of $181.011 million by 2.76 percent. This is a 3.75 percent increase over sales of $179.274 million the same period last year.
Stifel analyst Shlomo Rosenbaum downgrades Sterling Check (NASDAQ:STER) from Buy to Hold and raises the price target from $14 to $16.5.
William Blair analyst Andrew Nicholas downgrades Sterling Check (NASDAQ:STER) from Outperform to Market Perform.
JP Morgan analyst Andrew Steinerman downgrades Sterling Check (NASDAQ:STER) from Overweight to Neutral and maintains the price target from $17 to $17.
Shares of Butterfly Network, Inc. (NASDAQ:BFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results. Butterfly Network posted GAAP loss of 21 cents per share versus market estimates for a loss of 14 cents per share. The company’s quarterly sales came in at sales came in $16.52 million versus estimates of $15.35 million. Butterfly Network shares dipped 21.7% to $1.1588 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Enveric Biosciences, Inc. (NASDAQ:ENVB) gained 177.1% to $2.30 after the company announced it has signed three non-binding term sheets with an undisclosed biotechnology company to purs
Gainers Sidus Space (NASDAQ:SIDU) shares increased by 55.8% to $8.68 during Thursday's regular session. The market value of their outstanding shares is at $24.2 million. Agrify (NASDAQ:AGFY) shares rose 28.18% to $0.62. The company's market cap stands at $4.3 million. Sterling Check (NASDAQ:STER) shares moved upwards by 25.28% to $15.56. The company's market cap stands at $1.4 billion. As per the press release, Q4 earnings came out today. Aris Water Solutions (NYSE:ARIS) stock rose 21.81% to $12.06. The market value of their outstanding shares is at $363.5 million. As per the press release, Q4 earnings came out yesterday. Tutor Perini (NYSE:TPC) shares rose 21.1% to $11.19. The company'
U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Thursday. Shares of Hormel Foods Corporation (NYSE:HRL) rose sharply during Thursday’s session after the company reported better-than-expected first-quarter earnings and reaffirmed FY24 outlook. The company reported first-quarter adjusted earnings per share of 41 cents, beating the analyst consensus of 34 cents. Quarterly revenues of $2.997 billion, beating the analyst consensus of $2.917 billion. Hormel Foods shares climbed 12.6% to $34.72 on Thursday. Here are some other big stocks recording gains in today’s session. Vertex, Inc. (NASDAQ:VERX) jumped 29.8% to $32.97 after the company reported better-than
First Advantage (NASDAQ:FA) has announced an acquisition of Sterling Check (NASDAQ:STER) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, First Advantage has agreed to give Sterling Check $2.20 billion in cash & stock in exchange for STER stock. About The Companies Involved First Advantage Corp is a leading global provider of employment background screening and verification solutions. The company delivers innovative services and insights that help its customers manage risk and hire the best talent. Sterling Check Corp is a global provider of technology-enabled background and identity verification services. It offers a hiring and risk management solution that
Thursday’s premarket trading session saw substantial upward momentum propelled by major tech stocks, laying the groundwork for a promising session for U.S. equity indices. This surge comes as the Fed’s preferred measure of inflation meets anticipated levels from last month, thereby failing to disrupt expectations of potential interest rate cuts in the first half of the year. Futures on the Nasdaq 100 Index edged up 0.6% to 18,000 points at 8:50 a.m. in New York, poised to fully recover Wednesday’s losses, according to data from the Benzinga Pro platform. Contracts on the S&P 500 rose 0.4% to 5,090 points, reaching levels last observed at the beginning of the week. The Dow Jones,
Gainers Agrify (NASDAQ:AGFY) shares increased by 28.5% to $0.62 during Thursday's pre-market session. The company's market cap stands at $4.3 million. Sterling Check (NASDAQ:STER) stock rose 25.12% to $15.54. The market value of their outstanding shares is at $1.4 billion. Nxu (NASDAQ:NXU) stock rose 19.82% to $0.85. The market value of their outstanding shares is at $2.6 million. Sidus Space (NASDAQ:SIDU) shares increased by 19.21% to $6.64. The market value of their outstanding shares is at $18.5 million. Royalty Management Hldgs (NASDAQ:RMCO) stock increased by 16.05% to $1.59. The company's market cap stands at $22.6 million. Ameresco (NYSE:AMRC) shares rose 13.15% to $23.05. The c