Huron Consulting Group (NASDAQ:HURN) Trading Down 5.3% - Here's What Happened

Key Points

• Huron shares fell 5.3% on Monday to about $160.75, trading 46,794 shares—roughly 76% below the average session volume—after a prior close of $169.67.
• Analysts are broadly bullish: six firms rate HURN a Buy with a consensus target of $215.50 and several recent price-target raises (the highest to $240).
• Insiders have sold shares recently (11,458 shares worth ~$1.89M in the last three months) while insiders own 2.15% of stock and institutional investors hold about 93.9%.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s share price traded down 5.3% during trading on Monday . The company traded as low as $161.00 and last traded at $160.7470. 46,794 shares were traded during mid-day trading, a decline of 76% from the average session volume of 196,182 shares. The stock had previously closed at $169.67.

Analysts Set New Price Targets

HURN has been the topic of several research reports. Barrington Research boosted their target price on Huron Consulting Group from $190.00 to $207.00 and gave the company an "outperform" rating in a research note on Monday, January 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Huron Consulting Group in a research report on Thursday, January 22nd. Benchmark increased their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, December 24th. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. Finally, Truist Financial boosted their price target on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Huron Consulting Group currently has an average rating of "Buy" and a consensus target price of $215.50.

Huron Consulting Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 25.81 and a beta of 0.08. The company's 50 day moving average is $175.45 and its 200-day moving average is $156.88.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $164.57, for a total value of $329,140.00. Following the transaction, the director directly owned 35,304 shares of the company's stock, valued at $5,809,979.28. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Ronald Dail sold 662 shares of Huron Consulting Group stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $170.11, for a total transaction of $112,612.82. Following the sale, the chief operating officer directly owned 30,355 shares of the company's stock, valued at $5,163,689.05. The trade was a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,458 shares of company stock worth $1,886,731 in the last three months. 2.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted its holdings in shares of Huron Consulting Group by 68.1% during the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider's stock worth $29,000 after acquiring an additional 79 shares during the period. Maseco LLP acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $29,000. Clearstead Advisors LLC boosted its stake in Huron Consulting Group by 86.2% in the 3rd quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider's stock valued at $30,000 after purchasing an additional 94 shares during the period. Strs Ohio acquired a new position in Huron Consulting Group in the 4th quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. bought a new position in Huron Consulting Group during the 3rd quarter worth $35,000. 93.90% of the stock is owned by institutional investors.

About Huron Consulting Group

Huron Consulting Group NASDAQ: HURN is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron's consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron's service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

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