Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – What’s Next?

Huron Consulting Group Inc. (NASDAQ:HURN)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $90.48, but opened at $93.92. Huron Consulting Group shares last traded at $91.87, with a volume of 32,075 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HURN. Truist Financial lowered their target price on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Wedbush restated an “outperform” rating and set a $160.00 target price on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.25.

Huron Consulting Group Stock Up 1.7%

The company has a market cap of $1.49 billion, a price-to-earnings ratio of 15.64 and a beta of 0.09. The stock’s 50-day moving average is $113.82 and its 200-day moving average is $140.52. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.10.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.15. Huron Consulting Group had a net margin of 5.94% and a return on equity of 29.41%. The business had revenue of $451.77 million during the quarter, compared to analysts’ expectations of $437.12 million. During the same period last year, the company posted $1.68 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. On average, analysts anticipate that Huron Consulting Group Inc. will post 8.71 earnings per share for the current fiscal year.

Insider Transactions at Huron Consulting Group

In other news, Director Debra Zumwalt sold 598 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $118.44, for a total value of $70,827.12. Following the completion of the sale, the director directly owned 27,201 shares in the company, valued at $3,221,686.44. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ekta Singh-Bushell sold 443 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $52,468.92. Following the completion of the sale, the director directly owned 13,646 shares of the company’s stock, valued at $1,616,232.24. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,658 shares of company stock valued at $415,931. 2.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

A number of institutional investors have recently modified their holdings of HURN. Empowered Funds LLC bought a new position in shares of Huron Consulting Group in the 1st quarter worth $258,000. Pine Valley Investments Ltd Liability Co bought a new stake in Huron Consulting Group during the 1st quarter valued at $858,000. Bank of America Corp DE raised its holdings in Huron Consulting Group by 6.6% during the first quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider’s stock worth $34,062,000 after buying an additional 16,482 shares during the last quarter. California State Teachers Retirement System raised its holdings in Huron Consulting Group by 25.9% during the first quarter. California State Teachers Retirement System now owns 20,621 shares of the business services provider’s stock worth $2,629,000 after buying an additional 4,239 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Huron Consulting Group by 58.4% in the first quarter. Quantinno Capital Management LP now owns 5,576 shares of the business services provider’s stock valued at $711,000 after buying an additional 2,056 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

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.