Harte Hanks (HHS) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of Harte Hanks (NYSE:HHS) from a buy rating to a hold rating in a report released on Friday morning.

Other equities analysts have also recently issued research reports about the stock. Noble Financial reaffirmed a buy rating on shares of Harte Hanks in a research note on Thursday, November 8th. Zacks Investment Research raised shares of Harte Hanks from a strong sell rating to a hold rating in a research note on Wednesday, January 9th.

Shares of HHS traded down $0.11 during mid-day trading on Friday, hitting $2.99. The company’s stock had a trading volume of 10,559 shares, compared to its average volume of 8,198. The stock has a market capitalization of $18.69 million, a P/E ratio of -2.49 and a beta of 1.34. Harte Hanks has a fifty-two week low of $2.38 and a fifty-two week high of $12.16.

Harte Hanks (NYSE:HHS) last announced its quarterly earnings data on Wednesday, November 7th. The business services provider reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.24). The business had revenue of $63.59 million during the quarter, compared to analyst estimates of $67.20 million. Harte Hanks had a negative return on equity of 2.70% and a negative net margin of 4.27%. On average, equities research analysts forecast that Harte Hanks will post -0.93 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Harte Hanks stock. Renaissance Technologies LLC grew its position in Harte Hanks Inc (NYSE:HHS) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,472 shares of the business services provider’s stock after buying an additional 23,232 shares during the quarter. Renaissance Technologies LLC owned approximately 3.33% of Harte Hanks worth $2,314,000 at the end of the most recent quarter. Institutional investors own 33.48% of the company’s stock.

About Harte Hanks

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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