Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – Should You Buy?

Huron Consulting Group Inc. (NASDAQ:HURN) shares gapped up prior to trading on Friday . The stock had previously closed at $113.98, but opened at $118.34. Huron Consulting Group shares last traded at $119.97, with a volume of 15,835 shares trading hands.

Wall Street Analysts Forecast Growth

HURN has been the topic of a number of research reports. Weiss Ratings lowered shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Truist Financial reduced their price objective on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Wedbush reissued an “outperform” rating and issued a $160.00 price target on shares of Huron Consulting Group in a report on Wednesday, May 6th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Finally, Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $184.25.

Huron Consulting Group Price Performance

The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.59 and a beta of 0.12. The company has a 50 day moving average price of $104.45 and a 200 day moving average price of $130.92.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.58 by $0.15. Huron Consulting Group had a net margin of 5.94% and a return on equity of 29.41%. The company had revenue of $451.77 million during the quarter, compared to analysts’ expectations of $437.12 million. During the same quarter in the previous year, the company earned $1.68 EPS. Huron Consulting Group’s revenue was up 12.1% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 8.71 earnings per share for the current year.

Insider Activity

In other Huron Consulting Group news, Director Joy Brown sold 1,821 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $105.01, for a total transaction of $191,223.21. Following the sale, the director directly owned 8,575 shares in the company, valued at approximately $900,460.75. This trade represents a 17.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Debra Zumwalt sold 598 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $118.44, for a total transaction of $70,827.12. Following the sale, the director directly owned 27,201 shares of the company’s stock, valued at $3,221,686.44. This represents a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,862 shares of company stock worth $314,519 in the last 90 days. Corporate insiders own 2.07% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its holdings in shares of Huron Consulting Group by 46.5% in the second quarter. Harbor Investment Advisory LLC now owns 1,831 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 581 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Huron Consulting Group during the first quarter worth about $258,000. Pine Valley Investments Ltd Liability Co bought a new position in shares of Huron Consulting Group during the first quarter worth about $858,000. Bank of America Corp DE raised its position in Huron Consulting Group by 6.6% in the 1st quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider’s stock valued at $34,062,000 after buying an additional 16,482 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Huron Consulting Group by 25.9% in the 1st quarter. California State Teachers Retirement System now owns 20,621 shares of the business services provider’s stock valued at $2,629,000 after buying an additional 4,239 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.