HMH Holding Inc (NASDAQ:HMH) Receives $28.40 Average Price Target from Brokerages

Shares of HMH Holding Inc (NASDAQ:HMH) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One 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 issued a report on the stock in the last year is $28.40.

A number of equities research analysts recently commented on HMH shares. Wall Street Zen lowered HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Evercore started coverage on HMH in a research report on Monday, April 27th. They set an “outperform” rating and a $27.00 price target on the stock. Piper Sandler started coverage on HMH in a research report on Monday, April 27th. They set an “overweight” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. started coverage on HMH in a research report on Monday, April 27th. They set an “overweight” rating and a $26.00 price target on the stock. Finally, Stifel Nicolaus started coverage on HMH in a research report on Monday, April 27th. They set a “buy” rating and a $27.00 price target on the stock.

Insider Transactions at HMH

In other news, CEO Eirik Bergsvik acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the transaction, the chief executive officer owned 121,858 shares of the company’s stock, valued at approximately $2,437,160. This represents a 8.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Roy A. Dyrseth purchased 8,000 shares of HMH stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the transaction, the insider directly owned 68,276 shares in the company, valued at $1,365,520. The trade was a 13.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 74,000 shares of company stock valued at $1,480,000 over the last 90 days.

HMH Stock Performance

HMH stock opened at $19.35 on Tuesday. HMH has a 1-year low of $16.32 and a 1-year high of $24.50. The firm has a 50 day moving average of $20.85.

HMH (NASDAQ:HMH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $17,240.00 EPS for the quarter. The firm had revenue of $171.32 million during the 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.