Huron Consulting Group Inc. (NASDAQ:HURN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Analyst sentiment is positive: Six analysts give Huron Consulting Group an average “Buy” rating, with a 12-month consensus price target of $184.25.
• Quarterly results exceeded expectations: Huron reported adjusted EPS of $2.46 versus the $2.17 consensus estimate, while revenue rose 15.7% year over year to $475.04 million.
• Insiders sold shares while institutions expanded holdings: CEO C. Hussey sold 24,072 shares under a pre-arranged trading plan, while institutional investors own 93.9% of the company’s stock.

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) have received an average recommendation of "Buy" from the six analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $184.25.

A number of research analysts have weighed in on HURN shares. Truist Financial cut their price objective on shares of Huron Consulting Group to $155.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Zacks Research raised shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Barrington Research restated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Wall Street Zen raised Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Huron Consulting Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, September 3rd.

Insider Buying and Selling

In related news, CEO C. Hussey sold 24,072 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the completion of the sale, the chief executive officer owned 74,399 shares of the company's stock, valued at approximately $12,319,730.41. The trade was a 24.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the transaction, the insider owned 1,050 shares of the company's stock, valued at $160,303.50. This represents a 30.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.07% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC purchased a new stake in shares of Huron Consulting Group during the second quarter worth about $547,000. Squarepoint Ops LLC lifted its stake in Huron Consulting Group by 1,272.1% in the 2nd quarter. Squarepoint Ops LLC now owns 38,075 shares of the business services provider's stock valued at $3,433,000 after buying an additional 35,300 shares in the last quarter. Nykredit A S acquired a new stake in Huron Consulting Group in the 2nd quarter worth about $111,000. Corient Private Wealth LP acquired a new stake in Huron Consulting Group in the 2nd quarter worth about $2,815,000. Finally, Keeler Thomas Management LLC increased its stake in Huron Consulting Group by 6.6% during the 2nd quarter. Keeler Thomas Management LLC now owns 7,042 shares of the business services provider's stock worth $635,000 after buying an additional 438 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Trading Down 1.4%

Huron Consulting Group stock opened at $157.66 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 23.60 and a beta of 0.07. Huron Consulting Group has a 12 month low of $84.88 and a 12 month high of $186.77. The stock's 50 day simple moving average is $148.92 and its two-hundred day simple moving average is $127.11. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm had revenue of $475.04 million during the quarter, compared to analyst estimates of $448.98 million. During the same period in the previous year, the firm earned $1.89 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Analysts anticipate that Huron Consulting Group will post 9.18 earnings per share for the current year.

About Huron Consulting Group

Huron Consulting Group Inc NASDAQ: HURN is a professional services firm that helps organizations improve performance, manage change and address complex business challenges. The company works with clients across the healthcare, education, commercial and public sectors, providing consulting, technology and managed services.

Huron's services include strategic planning, operational improvement, organizational transformation, financial and performance management, data and analytics, and technology implementation.

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