HMH (NASDAQ:HMH) Downgraded by Zacks Research to Strong Sell

HMH (NASDAQ:HMH) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $26.00 price target on the stock. Pickering Energy Partners began coverage on HMH in a research note on Monday, April 27th. They set an “outperform” rating for the company. Piper Sandler started coverage on HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $32.00 price objective for the company. Stifel Nicolaus assumed coverage on HMH in a report on Monday, April 27th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, HMH has an average rating of “Moderate Buy” and a consensus price target of $28.40.

HMH Stock Up 2.3%

HMH opened at $19.97 on Thursday. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. The stock’s 50 day simple moving average is $20.90.

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

Insider Activity

In other news, Director Lance Loeffler purchased 5,000 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $20.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director owned 13,486 shares of the company’s stock, valued at approximately $269,720. This represents a 58.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eirik Bergsvik purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average price 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 $2,437,160. This trade represents a 8.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 74,000 shares of company stock valued at $1,480,000.

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.