HMH (NASDAQ:HMH) Stock Rating Upgraded by Wall Street Zen

HMH (NASDAQ:HMH) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

HMH Stock Performance

NASDAQ HMH opened at $18.69 on Friday. HMH has a 52 week low of $16.32 and a 52 week high of $20.00.

Insider Activity

In other news, Director Lance Loeffler acquired 5,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director directly owned 13,486 shares of the company’s stock, valued at $269,720. This represents a 58.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eirik Bergsvik acquired 10,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the chief executive officer directly owned 121,858 shares of the company’s stock, valued at $2,437,160. This trade represents a 8.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 74,000 shares of company stock valued at $1,480,000 over the last ninety days.

About HMH

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.