HMH Holding Inc (NASDAQ:HMH) Receives Consensus Rating of “Buy” from Brokerages

Shares of HMH Holding Inc (NASDAQ:HMH) have earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.40.

HMH has been the subject of several research analyst reports. Piper Sandler initiated coverage on shares of HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $32.00 price target for the company. Zacks Research raised shares of HMH to a “hold” rating in a report on Tuesday, April 28th. Citigroup initiated coverage on shares of HMH in a report on Sunday, April 26th. They issued a “buy” rating and a $30.00 price target for the company. Stifel Nicolaus initiated coverage on shares of HMH in a report on Monday, April 27th. They issued a “buy” rating and a $27.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $26.00 price target for the company.

HMH Stock Performance

Shares of HMH stock opened at $23.25 on Friday. HMH has a 12-month low of $16.32 and a 12-month high of $23.80.

HMH (NASDAQ:HMH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $17,240.00 earnings per share (EPS) for the quarter. The firm had revenue of $171.32 million during the quarter.

Insider Activity

In related news, CEO Eirik Bergsvik bought 10,000 shares of HMH stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average cost of $20.00 per share, with a total value of $200,000.00. Following the purchase, the chief executive officer owned 121,858 shares in the company, valued at approximately $2,437,160. This trade represents a 8.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas W. Mcgee bought 50,000 shares of HMH stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the chief financial officer owned 147,338 shares in the company, valued at approximately $2,946,760. This trade represents a 51.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 74,000 shares of company stock worth $1,480,000 over the last quarter.

HMH Company Profile

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.