Zacks Research Upgrades HMH (NASDAQ:HMH) to Hold

HMH (NASDAQ:HMH) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Piper Sandler initiated coverage on HMH in a research report on Monday. They set an “overweight” rating and a $32.00 price objective on the stock. Citigroup initiated coverage on HMH in a research report on Sunday. They set a “buy” rating and a $30.00 price objective on the stock. Pickering Energy Partners initiated coverage on HMH in a research report on Monday. They set an “outperform” rating on the stock. Wall Street Zen raised HMH from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, JPMorgan Chase & Co. initiated coverage on HMH in a research report on Monday. They set an “overweight” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, HMH presently has a consensus rating of “Buy” and a consensus target price of $28.40.

HMH Price Performance

Shares of HMH traded down $0.06 during midday trading on Tuesday, reaching $21.06. 29,223 shares of the stock were exchanged, compared to its average volume of 445,992. HMH has a 52 week low of $16.32 and a 52 week high of $21.65.

Insiders Place Their Bets

In other HMH news, Director Lance Loeffler purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director owned 13,486 shares in the company, valued at $269,720. This represents a 58.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas W. Mcgee purchased 50,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the chief financial officer owned 147,338 shares of the company’s stock, valued at $2,946,760. The trade was a 51.37% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 74,000 shares of company stock valued at $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.