Huron Consulting Group (NASDAQ:HURN) Trading Down 5.3% – Time to Sell?

Huron Consulting Group Inc. (NASDAQ:HURN) shares were down 5.3% during mid-day trading on Monday . The company traded as low as $161.00 and last traded at $160.7470. Approximately 46,794 shares were traded during trading, a decline of 76% from the average daily volume of 196,182 shares. The stock had previously closed at $169.67.

Wall Street Analyst Weigh In

HURN has been the subject of several recent analyst reports. Wedbush increased their price objective on Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Thursday, January 22nd. Barrington Research upped their target price on shares of Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Truist Financial increased their price target on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Six 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 Price Performance

The company has a market capitalization of $2.26 billion, a P/E ratio of 21.96 and a beta of 0.08. The company’s 50-day moving average price is $174.17 and its two-hundred day moving average price is $156.93. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44.

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the transaction, the director owned 35,304 shares of the company’s stock, valued at approximately $5,809,979.28. The trade was a 5.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James Ronald Dail sold 662 shares of Huron Consulting Group stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $170.11, for a total value of $112,612.82. Following the completion of the transaction, the chief operating officer owned 30,355 shares in the company, valued at approximately $5,163,689.05. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,458 shares of company stock worth $1,886,731. 2.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds have recently made changes to their positions in the stock. Richardson Financial Services Inc. lifted its stake in Huron Consulting Group by 68.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 79 shares during the last quarter. Maseco LLP bought a new position in shares of Huron Consulting Group in the 4th quarter valued at $29,000. Clearstead Advisors LLC boosted its holdings in shares of Huron Consulting Group by 86.2% during the 3rd quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 94 shares in the last quarter. Strs Ohio acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Huron Consulting Group during the 3rd quarter worth $35,000. 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.