Huron Consulting Group (NASDAQ:HURN) Reaches New 52-Week Low - Should You Sell?

Shares of Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $122.32 and last traded at $134.79, with a volume of 380792 shares changing hands. The stock had previously closed at $135.94.

Analyst Upgrades and Downgrades

HURN has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday. William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Barrington Research upped their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the stock an "outperform" rating in a research report on Monday. Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Truist Financial upped their target price on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $170.75.

Huron Consulting Group Stock Up 0.0 %

The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 32.27 and a beta of 0.23. The firm has a 50 day moving average price of $143.10 and a two-hundred day moving average price of $130.24.

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

Insider Buying and Selling

In other news, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total transaction of $75,565.00. Following the sale, the director now owns 55,688 shares of the company's stock, valued at approximately $8,416,127.44. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total value of $252,060.00. Following the completion of the sale, the director now directly owns 48,534 shares in the company, valued at approximately $6,116,740.02. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,239 shares of company stock worth $11,420,861. 2.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

Several large investors have recently bought and sold shares of HURN. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group during the fourth quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new position in Huron Consulting Group during the first quarter worth $35,000. CWM LLC grew its position in Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after buying an additional 122 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Huron Consulting Group during the 1st quarter worth about $114,000. Institutional investors own 93.90% of the company's stock.

About Huron Consulting Group

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.