Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – Here’s What Happened

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $113.98, but opened at $118.34. Huron Consulting Group shares last traded at $119.97, with a volume of 15,835 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HURN. Weiss Ratings lowered Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wedbush reiterated an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a report on Wednesday, May 6th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Truist Financial dropped their target price on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Wall Street Zen cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.25.

Huron Consulting Group Stock Performance

The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. The stock has a 50 day simple moving average of $104.55 and a two-hundred day simple moving average of $131.03. The stock has a market capitalization of $1.92 billion, a P/E ratio of 20.17 and a beta of 0.12.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.15. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The firm had revenue of $451.77 million for the quarter, compared to analyst estimates of $437.12 million. During the same quarter in the previous year, the firm earned $1.68 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. On average, equities analysts forecast that Huron Consulting Group Inc. will post 8.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director Ekta Singh-Bushell sold 443 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $52,468.92. Following the completion of the sale, the director owned 13,646 shares in the company, valued at $1,616,232.24. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joy Brown sold 1,821 shares of Huron Consulting Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $105.01, for a total transaction of $191,223.21. Following the completion of the transaction, the director directly owned 8,575 shares of the company’s stock, valued at approximately $900,460.75. This trade represents a 17.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,862 shares of company stock worth $314,519. Insiders own 2.07% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its stake in Huron Consulting Group by 46.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,831 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 581 shares during the last quarter. Empowered Funds LLC acquired a new position in Huron Consulting Group during the first quarter worth approximately $258,000. Pine Valley Investments Ltd Liability Co acquired a new position in Huron Consulting Group during the first quarter worth approximately $858,000. Bank of America Corp DE raised its stake in Huron Consulting Group by 6.6% in the first quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider’s stock valued at $34,062,000 after buying an additional 16,482 shares during the period. Finally, California State Teachers Retirement System raised its stake in Huron Consulting Group by 25.9% in the first quarter. California State Teachers Retirement System now owns 20,621 shares of the business services provider’s stock valued at $2,629,000 after buying an additional 4,239 shares during the period. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.