Huron Consulting Group (NASDAQ:HURN) Stock Price Expected to Rise, Wedbush Analyst Says

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

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

Huron Consulting Group Stock Up 1.6%

Shares of Huron Consulting Group 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. The firm’s 50-day moving average is $171.26 and its two-hundred day moving average is $151.25. Huron Consulting Group has a 1 year low of $120.25 and a 1 year high of $182.73. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 30.38 and a beta of 0.11.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The company had revenue of $441.28 million during the quarter, compared to analyst estimates of $418.13 million. During the same quarter in the prior year, the business earned $1.68 earnings per share. Huron Consulting Group’s revenue was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, research analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ekta Singh-Bushell sold 1,000 shares of Huron Consulting Group stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the transaction, the director owned 14,341 shares in the company, valued at $2,560,585.55. The trade was a 6.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mccartney sold 6,500 shares of Huron Consulting Group stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the completion of the sale, the director directly owned 43,317 shares in the company, valued at $6,993,096.48. This represents a 13.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,049 shares of company stock worth $3,660,668. 2.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors have recently bought and sold shares of HURN. Truist Financial Corp acquired a new stake in shares of Huron Consulting Group during the second quarter valued at about $959,000. Ritholtz Wealth Management purchased a new stake in shares of Huron Consulting Group during the second quarter worth approximately $499,000. Meritage Portfolio Management purchased a new position in Huron Consulting Group in the second quarter valued at $610,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Huron Consulting Group during the 2nd quarter worth about $1,481,000. Finally, Sunriver Management LLC raised its holdings in Huron Consulting Group by 10.6% during the second quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider’s stock worth $52,019,000 after purchasing an additional 36,303 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

About Huron Consulting Group

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.