Huron Consulting Group (NASDAQ:HURN) Shares Down 13.7% – Should You Sell?
by Renee Jackson · The Cerbat GemShares of Huron Consulting Group Inc. (NASDAQ:HURN – Get Free Report) traded down 13.7% on Wednesday . The stock traded as low as $119.11 and last traded at $114.0660. 28,716 shares traded hands during trading, a decline of 90% from the average session volume of 276,411 shares. The stock had previously closed at $132.22.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Monday. Weiss Ratings downgraded shares of Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Wedbush reissued an “outperform” rating and issued a $160.00 price target on shares of Huron Consulting Group in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.50.
Read Our Latest Report on Huron Consulting Group
Huron Consulting Group Trading Down 3.9%
The company has a fifty day simple moving average of $130.51 and a 200-day simple moving average of $153.11. The company has a current ratio of 2.22, a quick ratio of 1.17 and a debt-to-equity ratio of 2.10. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 20.47 and a beta of 0.15.
Huron Consulting Group (NASDAQ:HURN – Get Free Report) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.15. The company had revenue of $451.77 million for the quarter, compared to the consensus estimate of $437.12 million. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. On average, research analysts forecast that Huron Consulting Group Inc. will post 8.72 earnings per share for the current fiscal year.
Insider Buying and Selling at Huron Consulting Group
In other news, Director John Mccartney sold 500 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $127.68, for a total value of $63,840.00. Following the transaction, the director owned 40,817 shares in the company, valued at $5,211,514.56. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 796 shares of company stock valued at $101,411. 2.07% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Huron Consulting Group
Several large investors have recently made changes to their positions in HURN. Fiduciary Management Inc. WI bought a new stake in shares of Huron Consulting Group in the 4th quarter valued at approximately $90,661,000. UBS Group AG grew its stake in shares of Huron Consulting Group by 271.0% in the 4th quarter. UBS Group AG now owns 422,719 shares of the business services provider’s stock valued at $73,092,000 after buying an additional 308,770 shares in the last quarter. Principal Financial Group Inc. grew its stake 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 valued at $82,454,000 after buying an additional 162,706 shares in the last quarter. SG Capital Management LLC grew its stake 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 valued at $36,764,000 after buying an additional 142,448 shares in the last quarter. Finally, BloombergSen Inc. grew its stake in shares of Huron Consulting Group by 56.2% in the 3rd quarter. BloombergSen Inc. now owns 365,167 shares of the business services provider’s stock valued at $53,596,000 after buying an additional 131,365 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.
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.