Houghton Mifflin Harcourt Learning Technology (HMHC) Given Average Recommendation of “Hold” by Analysts

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) has earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.17.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Zacks Investment Research cut shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine cut shares of Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $8.00 target price (down from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a report on Friday, February 23rd. Finally, Goldman Sachs began coverage on shares of Houghton Mifflin Harcourt Learning Technology in a report on Tuesday, March 27th. They set a “sell” rating and a $6.50 target price on the stock.

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Shares of NASDAQ HMHC traded up $0.10 during mid-day trading on Thursday, reaching $7.70. The company had a trading volume of 81,717 shares, compared to its average volume of 757,734. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.93 and a current ratio of 1.23. Houghton Mifflin Harcourt Learning Technology has a 52 week low of $6.20 and a 52 week high of $13.95.

Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported ($0.70) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.22. The firm had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $248.33 million. Houghton Mifflin Harcourt Learning Technology had a negative net margin of 7.34% and a negative return on equity of 18.00%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted ($1.48) earnings per share. equities research analysts expect that Houghton Mifflin Harcourt Learning Technology will post -0.93 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Houghton Mifflin Harcourt Learning Technology during the fourth quarter valued at about $104,000. Atria Investments LLC purchased a new stake in shares of Houghton Mifflin Harcourt Learning Technology during the fourth quarter valued at about $110,000. SG Americas Securities LLC purchased a new stake in shares of Houghton Mifflin Harcourt Learning Technology during the fourth quarter valued at about $130,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Houghton Mifflin Harcourt Learning Technology during the fourth quarter valued at about $153,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Houghton Mifflin Harcourt Learning Technology by 107.7% during the third quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock valued at $199,000 after buying an additional 8,613 shares during the last quarter.

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About Houghton Mifflin Harcourt Learning Technology

Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

Analyst Recommendations for Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC)

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