Huron Consulting Group (NASDAQ:HURN) Sees Strong Trading Volume – Should You Buy?

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) saw an uptick in trading volume on Wednesday . 563,010 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 229,276 shares.The stock last traded at $127.08 and had previously closed at $145.86.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HURN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research report on Thursday, January 22nd. Wedbush upped 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, January 12th. Barrington Research lifted their price target on shares of Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Benchmark boosted their price target on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, December 24th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.50.

Huron Consulting Group Stock Performance

The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 21.96 and a beta of 0.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50-day moving average of $174.87 and a 200 day moving average of $157.12.

Insiders Place Their Bets

In other Huron Consulting Group news, Director Debra Zumwalt sold 170 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $170.89, for a total value of $29,051.30. Following the transaction, the director directly owned 26,469 shares of the company’s stock, valued at approximately $4,523,287.41. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ekta Singh-Bushell sold 1,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the transaction, the director owned 14,341 shares in the company, valued at $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,458 shares of company stock valued at $1,886,731 over the last three months. 2.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Huron Consulting Group in the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings in Huron Consulting Group by 68.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock worth $29,000 after buying an additional 79 shares during the period. Strs Ohio bought a new stake in shares of Huron Consulting Group during the fourth quarter worth $35,000. Clearstead Advisors LLC raised its holdings in shares of Huron Consulting Group by 86.2% during the third quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock worth $30,000 after acquiring an additional 94 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in Huron Consulting Group in the 3rd quarter valued at $35,000. 93.90% of the stock is owned by institutional investors.

About Huron Consulting Group

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.