Harte Hanks (NASDAQ:HHS) Posts Quarterly Earnings Results

Harte Hanks (NASDAQ:HHS) posted its quarterly earnings data on Friday. The business services provider reported ($0.20) earnings per share for the quarter, FiscalAI reports. The company had revenue of $39.47 million for the quarter. Harte Hanks had a negative net margin of 3.70% and a negative return on equity of 30.14%.

Harte Hanks Stock Performance

Shares of Harte Hanks stock traded up $0.01 on Friday, hitting $4.04. 29,857 shares of the company traded hands, compared to its average volume of 58,884. Harte Hanks has a 52 week low of $2.00 and a 52 week high of $4.67. The business has a 50-day simple moving average of $4.27 and a 200 day simple moving average of $3.13. The stock has a market capitalization of $30.06 million, a P/E ratio of -5.31 and a beta of 0.24.

Hedge Funds Weigh In On Harte Hanks

A hedge fund recently bought a new position in Harte Hanks stock. Raffles Associates LP acquired a new stake in Harte Hanks, Inc. (NASDAQ:HHS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 87,757 shares of the business services provider’s stock, valued at approximately $190,000. Raffles Associates LP owned about 1.18% of Harte Hanks at the end of the most recent reporting period. Institutional investors own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Harte Hanks from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Harte Hanks currently has an average rating of “Sell”.

Harte Hanks Company Profile

Harte Hanks, Inc. is a customer experience and marketing services company that helps businesses attract, engage and retain customers. Its services are designed to support the customer lifecycle, from audience identification and campaign planning to execution, measurement and ongoing engagement. The company provides data-driven marketing, customer relationship management, digital marketing, direct marketing, analytics and customer care services. Its capabilities may include campaign strategy, creative development, marketing automation, database and customer insights, contact center support, and multichannel communications delivered through digital, email, direct mail and other channels.