Huron Consulting Group (NASDAQ:HURN) Sets New 12-Month High – Time to Buy?

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $186.78 and last traded at $183.72, with a volume of 197819 shares. The stock had previously closed at $183.45.

Analysts Set New Price Targets

A number of research firms have issued reports on HURN. Truist Financial raised 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 report on Friday, November 14th. Wedbush raised their target price on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Wednesday, October 8th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Benchmark boosted their price objective on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and an average target price of $215.50.

Huron Consulting Group Stock Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $3.17 billion, a PE ratio of 30.77 and a beta of 0.11. The firm’s 50 day moving average price is $172.30 and its 200-day moving average price is $152.15.

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

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director Ekta Singh-Bushell sold 1,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.55, for a total transaction of $178,550.00. Following the completion of the transaction, the director directly owned 14,341 shares in the company, valued at approximately $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Debra Zumwalt sold 170 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $170.89, for a total transaction of $29,051.30. Following the transaction, the director directly owned 26,469 shares in the company, valued at approximately $4,523,287.41. The trade was a 0.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,049 shares of company stock worth $3,660,668. 2.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Huron Consulting Group by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after buying an additional 469 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after acquiring an additional 68,891 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Huron Consulting Group during the first quarter worth approximately $6,313,000. Intech Investment Management LLC increased its position in shares of Huron Consulting Group by 28.1% during the first quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Huron Consulting Group by 174.4% in the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 2,136 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.