Huron Consulting Group (NASDAQ:HURN) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Huron Consulting Group shares crossed above their 200-day moving average, trading as high as $160.30 and last changing hands at $159.18. The stock has a market capitalization of approximately $2.53 billion.
• Analysts remain broadly bullish, with a consensus rating of “Buy” and an average price target of $184.25. Recent actions included upgrades from Wall Street Zen and Zacks Research, while Truist maintained a buy rating with a $155 target.
• Huron exceeded quarterly expectations, reporting $2.46 in earnings per share versus the $2.17 consensus and revenue of $475.04 million versus $448.98 million expected. Revenue increased 15.7% year over year, although the CEO and another insider recently sold shares.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $126.85 and traded as high as $160.30. Huron Consulting Group shares last traded at $159.18, with a volume of 394,654 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barrington Research reissued an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Weiss Ratings upgraded Huron Consulting Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Truist Financial dropped their target price on Huron Consulting Group to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, June 9th. Wall Street Zen upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $184.25.

Huron Consulting Group Stock Up 0.5%

The stock has a market cap of $2.53 billion, a P/E ratio of 23.83 and a beta of 0.07. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. The stock's 50-day moving average is $146.26 and its 200-day moving average is $126.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.29. The company had revenue of $475.04 million for the quarter, compared to the consensus estimate of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. Huron Consulting Group's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. As a group, research analysts anticipate that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO C. Hussey sold 24,072 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the sale, the chief executive officer owned 74,399 shares of the company's stock, valued at approximately $12,319,730.41. The trade was a 24.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the completion of the sale, the insider owned 1,050 shares of the company's stock, valued at approximately $160,303.50. This trade represents a 30.42% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.07% of the company's stock.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in shares of Huron Consulting Group in the 2nd quarter worth approximately $547,000. Squarepoint Ops LLC raised its holdings in shares of Huron Consulting Group by 1,272.1% in the 2nd quarter. Squarepoint Ops LLC now owns 38,075 shares of the business services provider's stock worth $3,433,000 after purchasing an additional 35,300 shares in the last quarter. Nykredit A S acquired a new stake in Huron Consulting Group during the second quarter valued at approximately $111,000. Corient Private Wealth LP acquired a new stake in Huron Consulting Group during the second quarter valued at approximately $2,815,000. Finally, Keeler Thomas Management LLC boosted its holdings in Huron Consulting Group by 6.6% during the second quarter. Keeler Thomas Management LLC now owns 7,042 shares of the business services provider's stock worth $635,000 after buying an additional 438 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

About Huron Consulting Group

Huron Consulting Group Inc NASDAQ: HURN is a professional services firm that helps organizations improve performance, manage change and address complex business challenges. The company works with clients across the healthcare, education, commercial and public sectors, providing consulting, technology and managed services.

Huron's services include strategic planning, operational improvement, organizational transformation, financial and performance management, data and analytics, and technology implementation.

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