Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – Here’s What Happened

Huron Consulting Group Inc. (NASDAQ:HURN) gapped up prior to trading on Tuesday . The stock had previously closed at $90.48, but opened at $93.92. Huron Consulting Group shares last traded at $91.87, with a volume of 32,075 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on HURN. Wedbush restated an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 6th. Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Finally, Truist Financial decreased their price objective on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.25.

Huron Consulting Group Trading Up 1.0%

The company has a market capitalization of $1.56 billion, a PE ratio of 16.47 and a beta of 0.08. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.22 and a quick ratio of 2.22. The company’s fifty day moving average is $112.71 and its 200-day moving average is $139.50.

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

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was 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 of the company’s stock, valued at $5,211,514.56. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Debra Zumwalt sold 598 shares of Huron Consulting Group stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $70,827.12. Following the completion of the transaction, the director owned 27,201 shares in the company, valued at $3,221,686.44. This trade represents a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,658 shares of company stock valued at $415,931. Company insiders own 2.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Maseco LLP purchased a new stake in Huron Consulting Group during the fourth quarter valued at approximately $29,000. Clearstead Advisors LLC grew its holdings in Huron Consulting Group by 86.2% in the third quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock worth $30,000 after purchasing an additional 94 shares during the last quarter. Strs Ohio purchased a new position in Huron Consulting Group in the fourth quarter worth $35,000. Brown Brothers Harriman & Co. acquired a new position in shares of Huron Consulting Group during the third quarter worth $35,000. Finally, Advisory Services Network LLC acquired a new position in shares of Huron Consulting Group during the third quarter worth $36,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.