Wedbush Begins Coverage on Huron Consulting Group (NASDAQ:HURN)

Wedbush initiated coverage on shares of Huron Consulting Group (NASDAQ:HURN) in a research note issued to investors on Thursday, MarketBeat reports. The firm set an “outperform” rating and a $160.00 price target on the business services provider’s stock. Wedbush’s price objective points to a potential upside of 32.69% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Benchmark increased their target price on Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Barrington Research increased their target price on Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $205.50.

Huron Consulting Group Trading Down 3.0%

Shares of HURN opened at $120.58 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.93. Huron Consulting Group has a 12-month low of $116.12 and a 12-month high of $186.77. The firm has a market capitalization of $2.00 billion, a PE ratio of 20.61 and a beta of 0.19. The stock’s fifty day simple moving average is $135.69 and its 200-day simple moving average is $155.33.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 24th. The business services provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23. Huron Consulting Group had a return on equity of 28.20% and a net margin of 6.18%.The firm had revenue of $441.96 million for the quarter, compared to analyst estimates of $433.57 million. During the same quarter in the prior year, the firm posted $1.90 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, research analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the 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 completion of the sale, the director directly owned 40,817 shares in the company, valued at $5,211,514.56. This represents a 1.21% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,296 shares of company stock valued at $185,796 in the last ninety days. 2.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several large investors have recently modified their holdings of HURN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Huron Consulting Group by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock worth $1,501,000 after acquiring an additional 469 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after acquiring an additional 68,891 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Huron Consulting Group in the first quarter worth about $6,313,000. Intech Investment Management LLC increased its holdings in shares of Huron Consulting Group by 28.1% in the first quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Huron Consulting Group by 174.4% in the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after acquiring an additional 2,136 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

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.