HMH (NASDAQ:HMH) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of HMH (NASDAQ:HMH) in a report issued on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $26.00 price target on the stock.

A number of other analysts have also recently weighed in on HMH. Pickering Energy Partners began coverage on HMH in a research note on Monday. They issued an “outperform” rating on the stock. Piper Sandler started coverage on shares of HMH in a research note on Monday. They issued an “overweight” rating and a $32.00 price target on the stock. Evercore started coverage on shares of HMH in a research note on Monday. They issued an “outperform” rating and a $27.00 price target on the stock. Stifel Nicolaus started coverage on shares of HMH in a research note on Monday. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Wall Street Zen upgraded shares of HMH from a “hold” rating to a “buy” rating in a research note on Saturday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $28.40.

HMH Stock Up 4.3%

HMH stock opened at $21.00 on Monday. HMH has a 1-year low of $16.32 and a 1-year high of $21.65.

Insider Transactions at HMH

In other news, CEO Eirik Bergsvik acquired 10,000 shares of HMH stock in a transaction on Thursday, April 2nd. The stock was bought at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the chief executive officer owned 121,858 shares in the company, valued at $2,437,160. This represents a 8.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas W. Mcgee acquired 50,000 shares of HMH stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the purchase, the chief financial officer owned 147,338 shares of the company’s stock, valued at $2,946,760. The trade was a 51.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 74,000 shares of company stock worth $1,480,000 in the last three months.

HMH Company Profile

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.