HMH Holding Inc (NASDAQ:HMH) Given Average Recommendation of “Buy” by Brokerages

HMH Holding Inc (NASDAQ:HMH) has been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $28.40.

A number of analysts have recently weighed in on HMH shares. Stifel Nicolaus initiated coverage on HMH in a research note on Monday, April 27th. They issued a “buy” rating and a $27.00 target price for the company. Citigroup initiated coverage on HMH in a research report on Sunday, April 26th. They issued a “buy” rating and a $30.00 price objective for the company. Wall Street Zen lowered HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research upgraded HMH to a “hold” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on HMH in a research report on Monday, April 27th. They issued an “overweight” rating and a $26.00 price objective for the company.

HMH Price Performance

Shares of NASDAQ:HMH opened at $19.84 on Tuesday. HMH has a twelve month low of $16.32 and a twelve month high of $24.50. The firm has a fifty day simple moving average of $20.79.

HMH (NASDAQ:HMH) last announced its earnings results on Wednesday, May 6th. The company reported $17,240.00 earnings per share for the quarter. The business had revenue of $171.32 million during the quarter.

Insider Buying and Selling

In related news, Director Lance Loeffler bought 5,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the transaction, the director owned 13,486 shares of the company’s stock, valued at $269,720. This represents a 58.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas W. Mcgee acquired 50,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the acquisition, the chief financial officer directly owned 147,338 shares in the company, valued at $2,946,760. This represents a 51.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 74,000 shares of company stock valued at $1,480,000 over the last 90 days.

HMH Company Profile

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.