Truist Financial Issues Pessimistic Forecast for Huron Consulting Group (NASDAQ:HURN) Stock Price

Huron Consulting Group (NASDAQ:HURN) had its target price decreased by stock analysts at Truist Financial to $155.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 39.80% from the company’s previous close.

HURN has been the subject of several other reports. Wedbush reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.25.

Huron Consulting Group Stock Up 1.1%

Huron Consulting Group stock traded up $1.22 during mid-day trading on Tuesday, reaching $110.87. 45,346 shares of the company’s stock were exchanged, compared to its average volume of 276,819. The company has a market cap of $1.80 billion, a P/E ratio of 18.92 and a beta of 0.08. Huron Consulting Group has a twelve month low of $100.10 and a twelve month high of $186.77. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. The company has a fifty day moving average of $118.89 and a 200-day moving average of $144.81.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.15. Huron Consulting Group had a net margin of 5.94% and a return on equity of 29.41%. The company had revenue of $451.77 million for the quarter, compared to analyst estimates of $437.12 million. During the same period in the prior year, the business earned $1.68 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. Sell-side analysts expect that Huron Consulting Group will post 8.71 EPS for the current year.

Insider Activity

In related news, Director Ekta Singh-Bushell sold 443 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $52,468.92. Following the completion of the transaction, the director directly owned 13,646 shares in the company, valued at approximately $1,616,232.24. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $127.68, for a total transaction of $63,840.00. Following the sale, the director owned 40,817 shares in the company, valued at approximately $5,211,514.56. The trade was a 1.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,658 shares of company stock valued at $415,931 over the last 90 days. Company insiders own 2.07% of the company’s stock.

Institutional Trading of Huron Consulting Group

A number of large investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. purchased a new stake in shares of Huron Consulting Group in the 3rd quarter worth approximately $4,328,000. SG Capital Management LLC lifted its position in shares of Huron Consulting Group by 131.8% in the 3rd quarter. SG Capital Management LLC now owns 250,489 shares of the business services provider’s stock worth $36,764,000 after purchasing an additional 142,448 shares during the period. Principal Financial Group Inc. lifted its position in shares of Huron Consulting Group by 51.8% in the 4th quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider’s stock worth $82,454,000 after purchasing an additional 162,706 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $2,175,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $2,054,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Company Profile

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.