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Heidrick & Struggles (NASDAQ:HSII) Acquisition and New Price Target by Truist Financial
Financial Modeling Prepยท 2025-10-06 22:03
Group 1 - Truist Financial has set a new price target of $59 for Heidrick & Struggles, indicating a slight potential upside from the current trading price of $58.23 [1][5] - Heidrick & Struggles has entered into a definitive agreement to be acquired by a consortium led by Advent International and Corvex Private Equity for approximately $1.3 billion, transitioning the company from public to private [2][5] - The stock price of Heidrick & Struggles has increased significantly by 19.72%, with a current price of $58.28, reflecting strong investor interest following the acquisition announcement [3][5] Group 2 - Heidrick & Struggles has a market capitalization of approximately $1.21 billion, indicating its total market value [4] - The trading volume for the day is 1,291,496 shares on the NASDAQ exchange, showing active investor interest likely driven by the acquisition news [4][5]