HMH Holding Inc (NASDAQ:HMH) Given Average Rating of “Buy” by Analysts

HMH Holding Inc (NASDAQ:HMH) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.00.

A number of equities research analysts have recently weighed in on the company. Zacks Research raised HMH from a “strong sell” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Stifel Nicolaus lifted their target price on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Evercore set a $24.00 target price on shares of HMH in a research report on Friday, August 7th.

Institutional Investors Weigh In On HMH

A hedge fund recently bought a new stake in HMH stock. Readystate Asset Management LP bought a new position in shares of HMH Holding Inc (NASDAQ:HMH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $1,499,000. Readystate Asset Management LP owned about 0.18% of HMH at the end of the most recent reporting period.

HMH Price Performance

Shares of NASDAQ:HMH opened at $18.88 on Monday. The firm’s fifty day moving average is $19.70. The firm has a market cap of $829.47 million and a price-to-earnings ratio of 44.95. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. The company has a quick ratio of 1.82, a current ratio of 2.97 and a debt-to-equity ratio of 0.23.

HMH (NASDAQ:HMH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The company had revenue of $170.82 million during the quarter. Equities research analysts expect that HMH will post 1.21 earnings per share for the current fiscal year.

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.