Stocks of Houlihan Lokey Inc (NYSE:HLI) traded higher last session on Wall Street, down -0.12% to $178.27.
HLI stock price is now -0.02% away from the 50-day moving average and 12.26% away from the 200-day moving average. The market capitalization of the company currently stands at $12.51B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $171 to $200, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Houlihan Lokey Inc (NYSE: HLI). On September 12, 2024, Wells Fargo recently initiated its ‘Underweight’ rating on the stock quoting a target price of $149, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Zucker Gillian Beth, Director sold 200 shares of the company’s stock on Feb 13 ’25. The stock was sold for $35,794 at an average price of $178.97. Upon completion of the transaction, the Director now directly owns 5,801 shares in the company, valued at $1.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Director GILLIAN ZUCKER bought 200 shares of the business’s stock. A total of $35,496 was incurred on buying the stock at an average price of $177.48. A total of 23.12% of the company’s stock is owned by insiders.
During the past 12 months, Houlihan Lokey Inc has had a low of $121.81 and a high of $192.10. According to the stock market information, the enterprise value for the company is $12138412032, which is based on a 34.05 price-to-earnings ratio, a 1.51 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for HLI is $178.3014 and a two-hundred day moving average price translates $158.8025 for the stock.
The latest earnings results from Houlihan Lokey Inc (NYSE: HLI) was released for 2024-12-31. The net profit margin was 15.98% and return on equity was 18.64% for HLI. The company reported revenue of $634.43 million for the quarter, compared to $511.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.12 percent. For the current quarter, analysts expect HLI to generate $625.25M in revenue.
