Zacks: Harte Hanks Inc (HHS) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Harte Hanks Inc (NYSE:HHS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price target of $15.00 for the company and are predicting that the company will post ($0.63) earnings per share for the current quarter, according to Zacks. Zacks has also given Harte Hanks an industry rank of 194 out of 255 based on the ratings given to its competitors.

Several research firms recently weighed in on HHS. Zacks Investment Research cut shares of Harte Hanks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine raised shares of Harte Hanks from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. Finally, Noble Financial reaffirmed a “buy” rating and set a $15.00 price objective on shares of Harte Hanks in a research report on Tuesday, July 10th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Eidelman Virant Capital bought a new stake in Harte Hanks during the second quarter worth about $2,305,000. Renaissance Technologies LLC lifted its position in Harte Hanks by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,751,212 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 77,212 shares during the period. Finally, Geode Capital Management LLC lifted its position in Harte Hanks by 100.0% during the fourth quarter. Geode Capital Management LLC now owns 506,770 shares of the business services provider’s stock worth $480,000 after purchasing an additional 253,385 shares during the period. 35.14% of the stock is owned by institutional investors and hedge funds.

Shares of Harte Hanks traded down $0.52, reaching $9.60, during trading on Thursday, MarketBeat reports. The company’s stock had a trading volume of 57,700 shares, compared to its average volume of 14,082. The stock has a market cap of $63.40 million, a PE ratio of -8.13 and a beta of 0.79. Harte Hanks has a 52 week low of $7.30 and a 52 week high of $12.16.

Harte Hanks (NYSE:HHS) last announced its earnings results on Wednesday, May 9th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.76) by $1.93. The company had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $81.10 million. Harte Hanks had a negative net margin of 0.50% and a negative return on equity of 70.04%. equities analysts anticipate that Harte Hanks will post 0.08 EPS for the current year.

Harte Hanks Company Profile

Harte Hanks, Inc provides various multi-channel marketing services in the United States and internationally. The company provides agency and digital services, including search engine management, display, digital analytics, Website development and design, digital strategy, social media, email, e-commerce, and interactive relationship management services; and database marketing and business-to-business lead generation solutions that offer insight and analytics, customer data integration, and marketing communications tools.

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