HireQuest Proposes Acquisition of TrueBlue for $7.50/Share

HireQuest ( (HQI) ) just unveiled an announcement.

On May 13, 2025, HireQuest, Inc. announced a proposal to acquire all outstanding shares of TrueBlue, Inc. for $7.50 per share, representing a 61% premium over TrueBlue’s closing price on May 12, 2025. The acquisition aims to leverage HireQuest’s franchising model to enhance profitability and shareholder value, addressing TrueBlue’s declining revenues and share price. Despite previous rejections from TrueBlue’s management, HireQuest is pursuing the acquisition to create a stronger, higher-margin company with significant growth prospects.

The most recent analyst rating on (HQI) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on HireQuest stock, see the HQI Stock Forecast page.

Spark’s Take on HQI Stock

According to Spark, TipRanks’ AI Analyst, HQI is a Neutral.

HireQuest’s stock score reflects a mix of strengths and challenges. The company’s robust cash flow and low leverage provide a strong financial foundation, but declining margins and inconsistent revenue growth present risks. Technical analysis indicates bearish trends, while the high P/E ratio suggests high valuation expectations. Earnings call insights highlight strategic initiatives and cost management, offering a positive long-term outlook despite current revenue declines.

To see Spark’s full report on HQI stock, click here.

More about HireQuest

HireQuest, Inc. operates in the staffing industry, focusing on a high-margin franchising model that allows for flexibility and efficiency in workforce solutions. The company has a history of profitability and successful acquisition integration, converting traditional branch offices into franchises.

Average Trading Volume: 18,107

Technical Sentiment Signal: Sell

Current Market Cap: $142.7M

Find detailed analytics on HQI stock on TipRanks’ Stock Analysis page.