HMH (NASDAQ:HMH) Issues Earnings Results

HMH (NASDAQ:HMH) posted its quarterly earnings results on Wednesday. The company reported $17,240.00 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $171.32 million for the quarter.

HMH Stock Up 1.0%

NASDAQ:HMH traded up $0.23 during trading hours on Friday, reaching $21.78. 41,772 shares of the stock were exchanged, compared to its average volume of 385,665. HMH has a 52 week low of $16.32 and a 52 week high of $22.73.

Analyst Upgrades and Downgrades

HMH has been the subject of a number of research reports. Citigroup started coverage on HMH in a research report on Sunday, April 26th. They set a “buy” rating and a $30.00 price target for the company. Evercore began coverage on HMH in a report on Monday, April 27th. They issued an “outperform” rating and a $27.00 price target for the company. Piper Sandler began coverage on HMH in a report on Monday, April 27th. They set an “overweight” rating and a $32.00 target price on the stock. Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Zacks Research raised HMH to a “hold” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $28.40.

Insider Buying and Selling

In related news, CEO Eirik Bergsvik purchased 10,000 shares of the business’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 acquisition, the chief executive officer owned 121,858 shares in the company, valued at approximately $2,437,160. This trade represents a 8.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Roy A. Dyrseth purchased 8,000 shares of the business’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 acquisition, the insider owned 68,276 shares in the company, valued at approximately $1,365,520. The trade was a 13.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 74,000 shares of company stock worth $1,480,000.

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.