HMH (NASDAQ:HMH) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded HMH from a "buy" to a "hold" in a research note issued Sunday.
• Analyst consensus remains positive—MarketBeat data shows an average rating of "Buy" with an average price target of $28.40, after new-coverage ratings from Stifel ($27), Piper Sandler ($32) and JPMorgan ($26).
• Insiders are buying: executives purchased 74,000 shares worth about $1.48 million in the past three months, including CFO Thomas W. McGee's 50,000-share buy at $20 that raised his stake by 51.4%.

HMH (NASDAQ:HMH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus assumed coverage on HMH in a report on Monday, April 27th. They set a "buy" rating and a $27.00 price target for the company. Piper Sandler assumed coverage on HMH in a report on Monday, April 27th. They set an "overweight" rating and a $32.00 price target for the company. JPMorgan Chase & Co. assumed coverage on HMH in a report on Monday, April 27th. They set an "overweight" rating and a $26.00 price target for the company. Pickering Energy Partners assumed coverage on HMH in a report on Monday, April 27th. They set an "outperform" rating for the company. Finally, Zacks Research upgraded HMH to a "hold" rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $28.40.

HMH Stock Up 0.3%

HMH stock opened at $21.26 on Friday. HMH has a twelve month low of $16.32 and a twelve month high of $21.65.

Insider Activity

In other news, CFO Thomas W. Mcgee acquired 50,000 shares of the stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer directly owned 147,338 shares in the company, valued at approximately $2,946,760. This trade represents a 51.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lance Loeffler acquired 5,000 shares of the stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director owned 13,486 shares of the company's stock, valued at approximately $269,720. This represents a 58.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 74,000 shares of company stock valued at $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.

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