Perdoceo Education (NASDAQ: PRDO – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Perdoceo Education from a “hold” rating to a “buy” rating and set a $ 11.00 price objective on the stock in a research note on Thursday. Barrington Research reiterated a “buy” rating and set a $ 16.00 price objective on shares of Perdoceo Education in a research note on Friday, February 25th.
PRDO opened at $ 10.02 on Thursday. The business has a fifty day simple moving average of $ 11.22 and a 200 day simple moving average of $ 11.06. The company has a market capitalization of $ 689.17 million, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.16. Perdoceo Education has a 1 year low of $ 9.65 and a 1 year high of $ 13.15.
Perdoceo Education (NASDAQ: PRDO – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported $ 0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.32 by $ 0.08. The business had revenue of $ 159.86 million during the quarter, compared to the consensus estimate of $ 166.02 million. Perdoceo Education had a return on equity of 19.23% and a net margin of 16.03%. On average, sell-side analysts predict that Perdoceo Education will post 1.38 EPS for the current year.
In other news, CFO Ashish R. Ghia sold 22,973 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $ 11.44, for a total value of $ 262,811.12. Following the sale, the chief financial officer now directly owns 194,887 shares in the company, valued at approximately $ 2,229,507.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Elise Baskel sold 9,508 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $ 11.53, for a total transaction of $ 109,627.24. Following the completion of the sale, the senior vice president now owns 78,555 shares in the company, valued at $ 905,739.15. The disclosure for this sale can be found here. Insiders have sold 88,997 shares of company stock worth $ 981,656 over the last quarter. Corporate insiders own 2.89% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Quadrant LLC CA acquired a new stake in shares of Perdoceo Education in the 1st quarter valued at approximately $ 38,000. Parallel Advisors LLC boosted its stake in shares of Perdoceo Education by 313.0% in the 1st quarter. Parallel Advisors LLC now owns 3,325 shares of the company’s stock valued at $ 39,000 after purchasing an additional 2,520 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Perdoceo Education by 78.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,472 shares of the company’s stock valued at $ 41,000 after purchasing an additional 1,527 shares in the last quarter. Royal Bank of Canada boosted its position in Perdoceo Education by 127.2% during the 3rd quarter. Royal Bank of Canada now owns 10,948 shares of the company’s stock worth $ 115,000 after buying an additional 6,130 shares during the period. Finally, Fieldpoint Private Securities LLC boosted its position in Perdoceo Education by 2,982.2% during the 4th quarter. Fieldpoint Private Securities LLC now owns 10,017 shares of the company’s stock worth $ 118,000 after buying an additional 9,692 shares during the period. Institutional investors own 88.00% of the company’s stock.
Perdoceo Education Company Profile (Get Rating)
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.
Receive News & Ratings for Perdoceo Education Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Perdoceo Education and related companies with MarketBeat.com’s FREE daily email newsletter.