Huron Consulting Group (NASDAQ:HURN) Sees Large Volume Increase – Still a Buy?

Huron Consulting Group Inc. (NASDAQ:HURN) shares saw strong trading volume on Wednesday . 563,010 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 229,276 shares.The stock last traded at $127.08 and had previously closed at $145.86.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HURN shares. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Benchmark raised their target price on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Wedbush upped their target price on Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Barrington Research raised their price target on shares of Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Truist Financial lifted their price target on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group has an average rating of “Buy” and a consensus target price of $215.50.

Huron Consulting Group Stock Down 10.1%

The stock has a market cap of $2.26 billion, a P/E ratio of 21.96 and a beta of 0.08. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. The stock’s 50-day moving average is $174.87 and its 200-day moving average is $157.12.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $164.57, for a total transaction of $329,140.00. Following the sale, the director owned 35,304 shares in the company, valued at $5,809,979.28. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Ronald Dail sold 662 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $170.11, for a total value of $112,612.82. Following the sale, the chief operating officer owned 30,355 shares of the company’s stock, valued at approximately $5,163,689.05. This represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,458 shares of company stock worth $1,886,731. Corporate insiders own 2.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HURN. Truist Financial Corp bought a new stake in Huron Consulting Group in the 2nd quarter valued at $959,000. Hussman Strategic Advisors Inc. acquired a new stake in Huron Consulting Group during the third quarter worth about $925,000. Thrivent Financial for Lutherans acquired a new position in Huron Consulting Group in the 3rd quarter valued at approximately $11,633,000. Ritholtz Wealth Management bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $499,000. Finally, Sunriver Management LLC grew its holdings in shares of Huron Consulting Group by 10.6% during the 2nd 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 owned by institutional investors.

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.