Huron Consulting Group (NASDAQ:HURN) Hits New 52-Week High - Should You Buy?

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $155.00 and last traded at $153.77, with a volume of 204607 shares traded. The stock had previously closed at $148.96.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HURN shares. Wedbush upped their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Barrington Research upped their target price on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Truist Financial upped their target price on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Trading Up 1.6%

The stock has a market cap of $2.48 billion, a PE ratio of 31.29 and a beta of 0.23. The stock has a 50-day moving average price of $144.01 and a two-hundred day moving average price of $134.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million for the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joy Brown sold 668 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the transaction, the director now owns 8,896 shares of the company's stock, valued at $1,332,087.04. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the transaction, the director now directly owns 51,621 shares of the company's stock, valued at $6,898,114.23. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,407 shares of company stock worth $9,393,827 in the last three months. Corporate insiders own 2.15% of the company's stock.

Institutional Trading of Huron Consulting Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group in the 4th quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth $35,000. CWM LLC raised its stake in Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after acquiring an additional 146 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Huron Consulting Group during the 1st quarter worth $60,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.