Huron Consulting Group (NASDAQ:HURN) Shares Gap Up – Here’s What Happened

Huron Consulting Group Inc. (NASDAQ:HURNGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $149.93, but opened at $156.97. Huron Consulting Group shares last traded at $154.7550, with a volume of 65,438 shares.

Analyst Ratings Changes

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

Check Out Our Latest Report on HURN

Huron Consulting Group Stock Performance

The company has a market capitalization of $2.45 billion, a PE ratio of 23.07 and a beta of 0.07. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50 day moving average price of $142.14 and a 200 day moving average price of $126.49.

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

Insider Activity

In related news, CEO C. Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 74,399 shares in the company, valued at approximately $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 business’s stock in a transaction dated 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 directly owned 1,050 shares of the company’s stock, valued at approximately $160,303.50. This represents a 30.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in Huron Consulting Group by 11,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock worth $41,000 after acquiring an additional 238 shares during the period. Clearstead Advisors LLC boosted its stake in Huron Consulting Group by 304.9% in the fourth quarter. Clearstead Advisors LLC now owns 822 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 619 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Huron Consulting Group in the second quarter valued at approximately $75,000. Fifth Third Bancorp bought a new position in shares of Huron Consulting Group during the first quarter valued at approximately $122,000. Finally, Nykredit A S bought a new position in shares of Huron Consulting Group during the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

(Get Free Report)

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.

Further Reading

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