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

HMH Holding Inc (NASDAQ:HMH) has been given an average rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.40.

A number of brokerages have commented on HMH. Stifel Nicolaus began coverage on HMH in a report on Monday, April 27th. They issued a “buy” rating and a $27.00 price objective on the stock. Evercore began coverage on HMH in a report on Monday, April 27th. They issued an “outperform” rating and a $27.00 price objective on the stock. Wall Street Zen lowered HMH from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Pickering Energy Partners began coverage on HMH in a report on Monday, April 27th. They issued an “outperform” rating on the stock. Finally, Citigroup began coverage on HMH in a report on Sunday, April 26th. They issued a “buy” rating and a $30.00 price objective on the stock.

Insider Buying and Selling

In other HMH news, CFO Thomas W. Mcgee purchased 50,000 shares of the stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the acquisition, the chief financial officer 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eirik Bergsvik acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were acquired at an average price of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the chief executive officer owned 121,858 shares in the company, valued at $2,437,160. The trade was a 8.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 74,000 shares of company stock valued at $1,480,000.

HMH Trading Down 4.9%

HMH stock opened at $19.84 on Tuesday. HMH has a 1-year low of $16.32 and a 1-year high of $24.50. The business’s 50 day simple moving average is $20.79.

HMH (NASDAQ:HMH) last posted its earnings results on Wednesday, May 6th. The company reported $17,240.00 earnings per share for the quarter. The business had revenue of $171.32 million for the quarter.

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.