Huron Consulting Group (NASDAQ:HURN) Sets New 12-Month Low - Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HURN shares. Benchmark restated a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wedbush upped their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. StockNews.com downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial lifted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Barrington Research boosted their price target on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Huron Consulting Group presently has an average rating of "Moderate Buy" and a consensus price target of $170.75.

Huron Consulting Group Stock Up 0.6 %

The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 32.24 and a beta of 0.37. 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 stock has a 50 day moving average price of $143.09 and a 200 day moving average price of $129.95.

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 for the quarter, topping analysts' consensus estimates of $1.16 by $0.52. The firm had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. As a group, analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Activity

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $133.63, for a total value of $66,815.00. Following the transaction, the director now owns 51,621 shares of the company's stock, valued at $6,898,114.23. This trade represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,239 shares of company stock valued at $11,420,861. 2.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the company. Bailard Inc. bought a new position in Huron Consulting Group in the first quarter valued at $230,000. Victory Capital Management Inc. raised its position in shares of Huron Consulting Group by 13.2% in the 1st quarter. Victory Capital Management Inc. now owns 8,711 shares of the business services provider's stock worth $1,250,000 after acquiring an additional 1,019 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Huron Consulting Group during the 1st quarter valued at about $1,178,000. CWM LLC raised its holdings in Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after buying an additional 146 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Huron Consulting Group by 18.3% in the first quarter. Xponance Inc. now owns 1,942 shares of the business services provider's stock worth $279,000 after buying an additional 300 shares in the last quarter. Hedge funds and other 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.