The Hackett Group (NASDAQ:HCKT) Downgraded by Wall Street Zen to Hold

Key Points

• The Hackett Group was downgraded by Wall Street Zen from buy to hold, adding to a mixed analyst sentiment around the stock.
• Recent earnings showed the company missed analyst expectations, posting $0.34 EPS versus $0.35 expected and revenue of $68.8 million versus $71.23 million estimated.
• Despite the downgrade, the broader analyst view remains cautious but not bearish, with a consensus rating of hold and an average price target of $16.50.

The Hackett Group (NASDAQ:HCKT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other research analysts also recently weighed in on HCKT. Barrington Research reduced their target price on shares of The Hackett Group from $17.00 to $16.00 and set an "outperform" rating for the company in a research report on Wednesday. Zacks Research raised shares of The Hackett Group from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Weiss Ratings downgraded shares of The Hackett Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 8th. Finally, Roth Mkm set a $17.00 target price on shares of The Hackett Group in a research report on Wednesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, The Hackett Group presently has a consensus rating of "Hold" and an average price target of $16.50.

The Hackett Group Stock Down 5.9%

The Hackett Group stock opened at $10.74 on Friday. The Hackett Group has a twelve month low of $9.48 and a twelve month high of $26.29. The firm has a 50 day moving average price of $13.32 and a 200-day moving average price of $16.63. The company has a market capitalization of $270.54 million, a P/E ratio of 20.26, a P/E/G ratio of 0.83 and a beta of 0.96. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.11.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its earnings results on Tuesday, May 5th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The Hackett Group had a net margin of 4.75% and a return on equity of 24.59%. The company had revenue of $68.80 million for the quarter, compared to the consensus estimate of $71.23 million. The Hackett Group has set its Q2 2026 guidance at 0.330-0.350 EPS. As a group, equities analysts predict that The Hackett Group will post 1.38 EPS for the current year.

Institutional Trading of The Hackett Group

Institutional investors have recently modified their holdings of the business. Huntington National Bank lifted its stake in shares of The Hackett Group by 147.7% during the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider's stock valued at $31,000 after buying an additional 975 shares in the last quarter. MAI Capital Management lifted its stake in shares of The Hackett Group by 98.4% during the 3rd quarter. MAI Capital Management now owns 1,730 shares of the business services provider's stock valued at $33,000 after buying an additional 858 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of The Hackett Group during the 4th quarter valued at approximately $41,000. Danske Bank A S purchased a new stake in shares of The Hackett Group during the 4th quarter valued at approximately $49,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of The Hackett Group by 53,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,216 shares of the business services provider's stock valued at $63,000 after buying an additional 3,210 shares in the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.

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