HMH (NASDAQ:HMH) Cut to Strong Sell at Zacks Research

HMH (NASDAQ:HMH) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on HMH. Pickering Energy Partners began coverage on shares of HMH in a report on Monday, April 27th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Evercore assumed coverage on shares of HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $26.00 price objective on the stock. Finally, Citigroup assumed coverage on HMH in a research note on Sunday, April 26th. They set a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.40.

HMH Stock Performance

Shares of NASDAQ:HMH opened at $19.97 on Thursday. HMH has a 1 year low of $16.32 and a 1 year high of $24.50. The company’s 50 day simple moving average is $20.90.

HMH (NASDAQ:HMH) last released its quarterly earnings results 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.

Insider Transactions at HMH

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

About HMH

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.