HMH (NASDAQ:HMH) Coverage Initiated by Analysts at Pickering Energy Partners

Pickering Energy Partners started coverage on shares of HMH (NASDAQ:HMH) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Citigroup started coverage on shares of HMH in a research report on Sunday. They set a “buy” rating and a $30.00 target price for the company. Piper Sandler started coverage on shares of HMH in a research report on Monday. They set an “overweight” rating and a $32.00 target price for the company. Stifel Nicolaus started coverage on HMH in a report on Monday. They set a “buy” rating and a $27.00 price target on the stock. Evercore started coverage on HMH in a report on Monday. They set an “outperform” rating and a $27.00 price target on the stock. Finally, Wall Street Zen upgraded HMH from a “hold” rating to a “buy” rating in a report on Saturday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.40.

HMH Price Performance

NASDAQ:HMH opened at $21.00 on Monday. HMH has a fifty-two week low of $16.32 and a fifty-two week high of $21.65.

Insiders Place Their Bets

In other HMH news, CFO Thomas W. Mcgee purchased 50,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the acquisition, the chief financial officer owned 147,338 shares of the company’s stock, valued at approximately $2,946,760. This represents a 51.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roy A. Dyrseth purchased 8,000 shares of the business’s stock in a transaction on 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 completion of the acquisition, the insider directly owned 68,276 shares in the company, valued at approximately $1,365,520. This represents a 13.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 74,000 shares of company stock valued at $1,480,000 over the last 90 days.

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.