HMH (NASDAQ:HMH) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of HMH (NASDAQ:HMH) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on HMH. Pickering Energy Partners initiated coverage on shares of HMH in a research report on Monday, April 27th. They issued an “outperform” rating for the company. Citigroup began coverage on HMH in a research report on Sunday, April 26th. They issued a “buy” rating and a $30.00 price objective for the company. Evercore initiated coverage on HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen cut shares of HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of HMH in a research note on Monday, April 27th. They set an “overweight” rating and a $26.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HMH currently has an average rating of “Moderate Buy” and an average target price of $28.40.

HMH Price Performance

Shares of HMH stock opened at $19.97 on Thursday. HMH has a fifty-two week low of $16.32 and a fifty-two week high of $24.50. The firm has a fifty day moving average price of $20.90.

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

Insider Activity at HMH

In other HMH news, CFO Thomas W. Mcgee purchased 50,000 shares of HMH stock in a transaction dated Thursday, April 2nd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer owned 147,338 shares in the company, valued at $2,946,760. This represents a 51.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eirik Bergsvik acquired 10,000 shares of HMH stock in a transaction that occurred on Thursday, April 2nd. The shares were bought at an average price of $20.00 per share, with a total value of $200,000.00. Following the transaction, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 74,000 shares of company stock worth $1,480,000 over the last three months.

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.