HMH Holding Inc (NASDAQ:HMH) Receives Average Rating of “Buy” from Analysts

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 equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.40.

A number of equities analysts recently weighed in on HMH shares. Evercore started coverage on shares of HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 target price for the company. Wall Street Zen lowered shares of HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Stifel Nicolaus assumed coverage on shares of HMH in a research note on Monday, April 27th. They set a “buy” rating and a $27.00 price objective for the company. Pickering Energy Partners assumed coverage on shares of HMH in a research note on Monday, April 27th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of HMH in a research note on Monday, April 27th. They set an “overweight” rating and a $26.00 price objective for the company.

Insider Buying and Selling at HMH

In other HMH news, insider Roy A. Dyrseth acquired 8,000 shares of HMH 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 $160,000.00. Following the purchase, the insider directly owned 68,276 shares in the company, valued at approximately $1,365,520. This represents a 13.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lance Loeffler acquired 5,000 shares of HMH stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director owned 13,486 shares in the company, valued at approximately $269,720. The trade was a 58.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 74,000 shares of company stock valued at $1,480,000.

HMH Price Performance

Shares of NASDAQ HMH opened at $18.66 on Tuesday. HMH has a 1-year low of $16.32 and a 1-year high of $24.50. The business has a fifty day moving average of $20.83.

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 company had revenue of $171.32 million during the quarter.

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.