Harte Hanks (NASDAQ:HHS) Announces Quarterly Earnings Results

Harte Hanks (NASDAQ:HHS) issued its earnings results on Friday. The business services provider reported ($0.67) earnings per share for the quarter, FiscalAI reports. Harte Hanks had a negative net margin of 0.67% and a negative return on equity of 5.06%. The company had revenue of $37.98 million for the quarter.

Harte Hanks Stock Performance

Shares of NASDAQ HHS traded up $1.48 during trading hours on Friday, hitting $4.29. The company’s stock had a trading volume of 4,649,054 shares, compared to its average volume of 12,255. The stock has a market cap of $31.83 million, a price-to-earnings ratio of -30.64 and a beta of -0.03. Harte Hanks has a 12 month low of $2.00 and a 12 month high of $4.50. The business has a 50-day simple moving average of $2.41 and a 200-day simple moving average of $2.62.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Harte Hanks in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raffles Associates LP bought a new stake in shares of Harte Hanks in the 2nd quarter worth approximately $190,000. BlackRock Inc. purchased a new position in shares of Harte Hanks during the second quarter valued at approximately $41,000. Krilogy Financial LLC raised its holdings in shares of Harte Hanks by 28.5% during the first quarter. Krilogy Financial LLC now owns 118,175 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 26,175 shares in the last quarter. Westerly Capital Management LLC raised its holdings in shares of Harte Hanks by 1.3% during the fourth quarter. Westerly Capital Management LLC now owns 627,000 shares of the business services provider’s stock valued at $1,887,000 after acquiring an additional 8,000 shares in the last quarter. Finally, State Street Corp lifted its stake in Harte Hanks by 41.0% in the fourth quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock worth $80,000 after acquiring an additional 7,700 shares during the period. Institutional investors own 33.75% of the company’s stock.

About Harte Hanks

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.