MHH stock icon

Mastech Digital
MHH

$9
2.17%

Market Cap: $105M

 

About: Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. The company derives a majority of its revenue from IT staffing services. Geographically, the majority of revenue is generated from the United States.

Employees: 1,397

0
Funds holding %
of 6,686 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0.06% less ownership

Funds ownership: 17.81% [Q1] → 17.75% (-0.06%) [Q2]

9% less funds holding

Funds holding: 32 [Q1] → 29 (-3) [Q2]

10% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 10

17% less capital invested

Capital invested by funds: $18.6M [Q1] → $15.5M (-$3.12M) [Q2]

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Research analyst outlook

We haven’t received any recent analyst ratings for MHH.

Financial journalist opinion

Neutral
PRNewsWire
1 month ago
Mastech Digital Reports 6% Sequential Revenue Growth for the Second Quarter of 2024
Consolidated Gross Profit Margins of 28.2% Set a New Quarterly Record for Mastech Digital PITTSBURGH , Aug. 7, 2024 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the second quarter ended June 30, 2024.   Second Quarter 2024 Highlights: Total consolidated revenues increased by $2.7 million on a sequential quarterly basis to $49.5 million and represented our second consecutive quarter of revenue growth; The Company's Data and Analytics Services segment reported revenues of $8.9 million, which were approximately 10% higher sequentially than revenues of $8.1 million reported in the first quarter of 2024; The IT Staffing Services segment reported revenues of $40.7 million, achieving sequential quarterly revenue growth of 5% when compared to revenues reported in the first quarter of 2024; Gross profit margins during the second quarter of 2024 achieved a Company quarterly performance record of 28.2%, as the Company's two business segments reported margin improvements on both a year-over-year and a sequential quarterly basis; GAAP diluted earnings (loss) per share was $0.12 profit in the second quarter of 2024, versus a ($0.19) loss in the second quarter of 2023 and a ($0.01) loss in the first quarter of 2024; and Non-GAAP diluted earnings per share was $0.19 in the second quarter of 2024, versus $0.11 in the second quarter of 2023 and $0.06 in the first quarter of 2024.
Mastech Digital Reports 6% Sequential Revenue Growth for the Second Quarter of 2024