Harte Hanks (HHS) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Harte Hanks (NYSE:HHS) from a strong sell rating to a sell rating in a research report released on Friday.

A number of other equities research analysts have also recently weighed in on HHS. Noble Financial restated a buy rating on shares of Harte Hanks in a research note on Monday, March 5th. Zacks Investment Research upgraded Harte Hanks from a sell rating to a hold rating in a research note on Thursday, April 19th.

Shares of Harte Hanks opened at $10.11 on Friday, according to Marketbeat.com. The firm has a market cap of $63.29 million, a P/E ratio of 8.43 and a beta of 0.90. Harte Hanks has a 1-year low of $7.30 and a 1-year high of $14.40.

Harte Hanks (NYSE:HHS) last issued its quarterly earnings data on Wednesday, May 9th. The business services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.76) by $1.93. The firm had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $81.10 million. Harte Hanks had a negative return on equity of 53.26% and a negative net margin of 0.50%. analysts anticipate that Harte Hanks will post 0.08 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Fondren Management LP increased its position in Harte Hanks by 66.9% during the 4th quarter. Fondren Management LP now owns 2,933,243 shares of the business services provider’s stock valued at $2,783,000 after buying an additional 1,175,243 shares in the last quarter. Renaissance Technologies LLC increased its position in Harte Hanks by 4.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,751,212 shares of the business services provider’s stock valued at $1,661,000 after buying an additional 77,212 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Harte Hanks by 100.0% during the 4th quarter. Geode Capital Management LLC now owns 506,770 shares of the business services provider’s stock valued at $480,000 after buying an additional 253,385 shares in the last quarter.

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.

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