Harte Hanks (NASDAQ:HHS) Issues Quarterly Earnings Results

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

Harte Hanks Price Performance

Shares of NASDAQ:HHS traded down $0.02 on Friday, hitting $4.01. 32,664 shares of the company’s stock were exchanged, compared to its average volume of 49,581. Harte Hanks has a 12 month low of $2.00 and a 12 month high of $4.67. The stock has a market capitalization of $29.87 million, a price-to-earnings ratio of -5.28 and a beta of 0.24. The business’s 50 day simple moving average is $4.27 and its two-hundred day simple moving average is $3.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Raffles Associates LP purchased a new position in Harte Hanks in the 2nd quarter worth about $190,000. Empowered Funds LLC purchased a new stake in Harte Hanks in the 3rd quarter valued at about $48,000. Finally, BlackRock Inc. bought a new position in Harte Hanks in the 2nd quarter worth about $41,000. 33.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Harte Hanks from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Harte Hanks presently has an average rating of “Sell”.

About Harte Hanks

Harte Hanks is a customer experience and marketing services company that helps businesses engage with customers across channels. Its services include customer care, marketing strategy and campaign execution, and fulfillment and logistics. The company’s customer care services include support for customer service, sales, and technical inquiries. Its marketing offerings span data and audience services, creative and campaign work, and direct and digital communications, while its fulfillment capabilities support the handling and distribution of marketing materials and other products.