HMH (NASDAQ:HMH) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded HMH from "hold" to "buy".
• Insider buying: CEO Eirik Bergsvik bought 10,000 shares and CFO Thomas W. McGee bought 50,000 shares at about $20 each; insiders bought 74,000 shares totaling $1.48 million over the last three months.
• Shares opened at $20.13 and trade in a 12‑month range of $16.32–$21.00, and Houghton Mifflin Harcourt is a K–12 education company providing curricular content, assessments and digital learning platforms.

HMH (NASDAQ:HMH - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

HMH Stock Performance

Shares of HMH opened at $20.13 on Friday. HMH has a 12-month low of $16.32 and a 12-month high of $21.00.

Insider Transactions at HMH

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

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.

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