HMH Holding Inc (NASDAQ:HMH) Receives Consensus Recommendation of “Buy” from Analysts

HMH Holding Inc (NASDAQ:HMH) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.40.

Several analysts have recently issued reports on the company. Wall Street Zen cut HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Piper Sandler started coverage on HMH in a research note on Monday, April 27th. They issued an “overweight” rating and a $32.00 price objective for the company. Evercore started coverage on HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. started coverage on HMH in a research note on Monday, April 27th. They issued an “overweight” rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus started coverage on HMH in a research note on Monday, April 27th. They issued a “buy” rating and a $27.00 price objective for the company.

Insider Buying and Selling

In other HMH news, insider Roy A. Dyrseth purchased 8,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the purchase, the insider directly owned 68,276 shares in the company, valued at approximately $1,365,520. This represents a 13.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lance Loeffler purchased 5,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director owned 13,486 shares of the company’s stock, valued at $269,720. This represents a 58.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 74,000 shares of company stock worth $1,480,000.

HMH Price Performance

NASDAQ:HMH opened at $20.97 on Friday. HMH has a 52 week low of $16.32 and a 52 week high of $24.50.

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

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.