Zacks Research Downgrades HMH (NASDAQ:HMH) to Strong Sell

HMH (NASDAQ:HMH) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on HMH. Pickering Energy Partners initiated coverage on HMH in a report on Monday, April 27th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. started coverage on HMH in a research report on Monday, April 27th. They set an “overweight” rating and a $26.00 price objective for the company. Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Evercore initiated coverage on shares of HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Stifel Nicolaus started coverage on shares of HMH in a research report on Monday, April 27th. They set a “buy” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HMH has a consensus rating of “Moderate Buy” and an average price target of $28.40.

HMH Stock Performance

NASDAQ:HMH opened at $19.97 on Thursday. The firm’s 50-day simple moving average is $20.90. HMH has a fifty-two week low of $16.32 and a fifty-two week high of $24.50.

HMH (NASDAQ:HMH) last announced its quarterly earnings data 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 for the quarter.

Insider Transactions at HMH

In other HMH news, insider Roy A. Dyrseth bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the transaction, the insider directly owned 68,276 shares of the company’s stock, valued at approximately $1,365,520. This trade represents a 13.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas W. Mcgee bought 50,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were bought at an average cost of $20.00 per share, with a total value of $1,000,000.00. Following the purchase, the chief financial officer directly owned 147,338 shares of the company’s stock, valued at approximately $2,946,760. This represents a 51.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 74,000 shares of company stock worth $1,480,000.

About HMH

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.