Harte Hanks (HHS) Cut to Strong Sell at ValuEngine

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ValuEngine lowered shares of Harte Hanks (NYSE:HHS) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Other analysts have also issued reports about the company. Noble Financial reissued a buy rating and set a $15.00 price objective on shares of Harte Hanks in a report on Tuesday, July 10th. Zacks Investment Research lowered Harte Hanks from a strong-buy rating to a hold rating in a report on Wednesday, July 11th.

Shares of HHS opened at $7.75 on Tuesday. The company has a market cap of $48.93 million, a price-to-earnings ratio of 15.68 and a beta of 0.66. Harte Hanks has a 52 week low of $6.76 and a 52 week high of $12.16.

Harte Hanks (NYSE:HHS) last issued its quarterly earnings data on Wednesday, August 8th. The business services provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.47). The company had revenue of $69.63 million for the quarter, compared to the consensus estimate of $79.50 million. Harte Hanks had a negative return on equity of 33.47% and a negative net margin of 1.72%. sell-side analysts predict that Harte Hanks will post -0.53 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Harte Hanks stock. Eidelman Virant Capital bought a new position in Harte Hanks Inc (NYSE:HHS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 207,702 shares of the business services provider’s stock, valued at approximately $2,305,000. Harte Hanks comprises 1.4% of Eidelman Virant Capital’s holdings, making the stock its 25th largest holding. Eidelman Virant Capital owned approximately 3.32% of Harte Hanks at the end of the most recent reporting period. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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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