Harte Hanks (NASDAQ:HHS) Posts Quarterly Earnings Results

Harte Hanks (NASDAQ:HHS) issued its quarterly earnings results on Thursday. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $37.26 million during the quarter. Harte Hanks had a negative net margin of 0.51% and a negative return on equity of 3.86%.

Harte Hanks Stock Performance

NASDAQ HHS remained flat at $2.81 on Thursday. The company’s stock had a trading volume of 6,780 shares, compared to its average volume of 4,461. The business has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.93. Harte Hanks has a 12-month low of $2.22 and a 12-month high of $5.39. The company has a market cap of $20.82 million, a PE ratio of -25.55 and a beta of -0.03.

Institutional Investors Weigh In On Harte Hanks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in Harte Hanks during the first quarter worth $49,000. DRW Securities LLC bought a new stake in Harte Hanks during the fourth quarter worth $38,000. Raffles Associates LP bought a new stake in Harte Hanks during the second quarter worth $76,000. Susquehanna International Group LLP bought a new stake in Harte Hanks during the third quarter worth $71,000. Finally, State Street Corp lifted its stake in Harte Hanks by 41.0% during the fourth quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock worth $80,000 after purchasing an additional 7,700 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Harte Hanks in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Harte Hanks Company Profile

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.