HMH (NASDAQ:HMH) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of HMH (NASDAQ:HMH) from a buy rating to a hold rating in a research report released on Sunday.

Other equities research analysts have also recently issued reports about the company. Piper Sandler assumed coverage on HMH in a research note on Monday, April 27th. They set an “overweight” rating and a $32.00 price objective for the company. Zacks Research upgraded HMH to a “hold” rating in a research note on Tuesday, April 28th. Pickering Energy Partners assumed coverage on HMH in a research note on Monday, April 27th. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on HMH in a research note on Monday, April 27th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Evercore assumed coverage on HMH in a research report on Monday, April 27th. They issued an “outperform” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.40.

HMH Price Performance

Shares of NASDAQ HMH opened at $21.26 on Friday. HMH has a 1-year low of $16.32 and a 1-year high of $21.65.

Insiders Place Their Bets

In other HMH news, CEO Eirik Bergsvik acquired 10,000 shares of the stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average price of $20.00 per share, with a total value of $200,000.00. Following the transaction, the chief executive officer directly owned 121,858 shares of the company’s stock, valued at $2,437,160. This trade represents a 8.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas W. Mcgee acquired 50,000 shares of the stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the transaction, the chief financial officer directly owned 147,338 shares in the company, valued at approximately $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 bought 74,000 shares of company stock worth $1,480,000 over the last quarter.

About HMH

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.