Wedbush Boosts Huron Consulting Group (NASDAQ:HURN) Price Target to $200.00

Huron Consulting Group (NASDAQ:HURN) had its price objective upped by investment analysts at Wedbush from $165.00 to $200.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Wedbush’s target price would suggest a potential upside of 10.29% from the company’s previous close.

Several other equities research analysts have also issued reports on HURN. Truist Financial increased their target price on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Benchmark lifted their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Finally, Barrington Research increased their price target on Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $215.50.

Huron Consulting Group Stock Performance

HURN stock opened at $181.34 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44. Huron Consulting Group has a 1 year low of $120.25 and a 1 year high of $182.73. The company has a market cap of $3.13 billion, a P/E ratio of 30.38 and a beta of 0.11. The stock’s fifty day moving average price is $171.26 and its 200-day moving average price is $151.25.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.24. The company had revenue of $441.28 million during the quarter, compared to analyst estimates of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director Debra Zumwalt sold 170 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $170.89, for a total transaction of $29,051.30. Following the completion of the transaction, the director owned 26,469 shares of the company’s stock, valued at $4,523,287.41. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $164.57, for a total value of $329,140.00. Following the completion of the sale, the director owned 35,304 shares in the company, valued at $5,809,979.28. This represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 22,049 shares of company stock worth $3,660,668. 2.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HURN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Huron Consulting Group by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after purchasing an additional 469 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Huron Consulting Group by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after buying an additional 68,891 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Huron Consulting Group during the 1st quarter valued at about $6,313,000. Intech Investment Management LLC raised its position in shares of Huron Consulting Group by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Huron Consulting Group by 174.4% in the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after acquiring an additional 2,136 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.