Huron Consulting Group (NASDAQ:HURN) Stock Jumps 6.6% – Time to Buy?

Huron Consulting Group Inc. (NASDAQ:HURN) shares rose 6.6% during trading on Thursday. The stock traded as high as $166.88 and last traded at $167.1690. Approximately 142,584 shares were traded during mid-day trading, a decline of 50% from the average session volume of 283,736 shares. The stock had previously closed at $156.83.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Huron Consulting Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Truist Financial cut their price target on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Zacks Research downgraded shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.25.

Huron Consulting Group Price Performance

The stock has a 50-day simple moving average of $152.50 and a 200 day simple moving average of $127.73. The stock has a market capitalization of $2.68 billion, a P/E ratio of 25.28 and a beta of 0.07. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.71 and a current ratio of 1.71.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.29. The business had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, equities analysts forecast that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the transaction, the insider directly owned 1,050 shares in the company, valued at approximately $160,303.50. This represents a 30.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C. Hussey sold 24,072 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the completion of the transaction, the chief executive officer directly owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jupiter Topco LLC acquired a new stake in shares of Huron Consulting Group during the second quarter worth $752,000. Legal & General Group Plc acquired a new position in Huron Consulting Group in the second quarter valued at about $1,465,000. Corient Private Wealth LP bought a new position in Huron Consulting Group during the second quarter worth about $2,816,000. Susquehanna Fundamental Investments LLC bought a new position in Huron Consulting Group during the second quarter worth about $1,358,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Huron Consulting Group during the 2nd quarter worth about $767,000. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group Inc (NASDAQ:HURN) is a global professional services company that helps organizations improve performance, manage change and address complex business challenges. Founded in 2002 and headquartered in Chicago, Illinois, the company serves clients in the healthcare, education and commercial sectors.

Huron’s services include strategy and operations consulting, digital transformation, technology implementation, data and analytics, financial and performance improvement, and managed services.