Huron Consulting Group (NASDAQ:HURN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Huron Consulting Group Inc. (NASDAQ:HURN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $154.90 and traded as high as $170.00. Huron Consulting Group shares last traded at $169.22, with a volume of 135,810 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on HURN shares. Truist Financial upped their target price on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huron Consulting Group in a research report on Thursday, January 22nd. Benchmark increased their price objective on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Wedbush increased their price target on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $215.50.

Huron Consulting Group Trading Down 0.4%

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 28.35 and a beta of 0.11. The business has a fifty day simple moving average of $174.77 and a 200-day simple moving average of $154.90.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.24. The company had revenue of $441.28 million for the quarter, compared to analysts’ expectations of $418.13 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the transaction, the director directly owned 35,304 shares in the company, valued at $5,809,979.28. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $164.20, for a total value of $82,100.00. Following the completion of the transaction, the director directly owned 42,817 shares in the company, valued at approximately $7,030,551.40. This represents a 1.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,458 shares of company stock valued at $2,212,726 over the last quarter. 2.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its position in shares of Huron Consulting Group by 68.1% during the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock worth $29,000 after buying an additional 79 shares during the period. Maseco LLP bought a new stake in Huron Consulting Group during the fourth quarter valued at $29,000. Clearstead Advisors LLC grew its holdings in Huron Consulting Group by 86.2% during the 3rd quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock worth $30,000 after acquiring an additional 94 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Huron Consulting Group in the 3rd quarter worth about $35,000. Finally, Advisory Services Network LLC acquired a new position in shares of Huron Consulting Group in the 3rd quarter valued at about $36,000. 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.