HMH (NASDAQ:HMH) Upgraded to “Hold” at Wall Street Zen

HMH (NASDAQ:HMH) was upgraded by Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

HMH Price Performance

HMH stock opened at $18.69 on Friday. HMH has a 12-month low of $16.32 and a 12-month high of $20.00.

Insider Buying and Selling at HMH

In other HMH news, insider Roy A. Dyrseth purchased 8,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the acquisition, the insider owned 68,276 shares of the company’s stock, valued at $1,365,520. This trade represents a 13.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eirik Bergsvik purchased 10,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the acquisition, the chief executive officer directly owned 121,858 shares in the company, valued at $2,437,160. This represents a 8.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 74,000 shares of company stock worth $1,480,000 over the last quarter.

About HMH

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.