HMH (NASDAQ:HMH) Stock Rating Upgraded by Evercore

Key Points

• Evercore upgraded HMH to a Strong Buy, and several other firms have initiated coverage with buy/outperform/overweight ratings, leaving a MarketBeat consensus of "Buy" and an average price target of $28.40.
• Insider purchases have increased recently — CFO Thomas W. McGee bought 50,000 shares and Roy A. Dyrseth bought 8,000 shares, with insiders acquiring 74,000 shares worth about $1.48M in the past 90 days.
• HMH stock opened at about $21.00 (up 4.3%), trading within a 12‑month range of $16.32 to $21.65.

HMH (NASDAQ:HMH - Get Free Report) was upgraded by research analysts at Evercore to a "strong-buy" rating in a report released on Monday, MarketBeat Ratings reports.

Several other equities analysts have also recently weighed in on the company. Citigroup started coverage on HMH in a research note on Sunday. They set a "buy" rating and a $30.00 price objective on the stock. Pickering Energy Partners began coverage on shares of HMH in a report on Monday. They issued an "outperform" rating for the company. Stifel Nicolaus assumed coverage on shares of HMH in a report on Monday. They set a "buy" rating and a $27.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on HMH in a research note on Monday. They issued an "overweight" rating and a $26.00 target price on the stock. Finally, Piper Sandler assumed coverage on HMH in a report on Monday. They issued an "overweight" rating and a $32.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $28.40.

HMH Stock Up 4.3%

HMH stock opened at $21.00 on Monday. HMH has a twelve month low of $16.32 and a twelve month high of $21.65.

Insider Activity at HMH

In related news, insider Roy A. Dyrseth purchased 8,000 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the purchase, the insider directly owned 68,276 shares in the company, valued at approximately $1,365,520. This trade represents a 13.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas W. Mcgee purchased 50,000 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was bought 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 directly owned 147,338 shares in the company, valued at $2,946,760. This trade represents a 51.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 74,000 shares of company stock worth $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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