Brokerages Set $14.50 Price Target for Cambium Learning Group, Inc. (ABCD)

Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Cambium Learning Group’s rating score has declined by 200% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1 year consensus price target of $14.50 for the company and are forecasting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Cambium Learning Group an industry rank of 90 out of 257 based on the ratings given to its competitors.

A number of brokerages recently commented on ABCD. Zacks Investment Research downgraded Cambium Learning Group from a “hold” rating to a “sell” rating in a report on Monday, November 5th. BidaskClub downgraded Cambium Learning Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, B. Riley set a $15.00 price target on Cambium Learning Group and gave the company a “hold” rating in a report on Friday, November 2nd.

In other Cambium Learning Group news, insider Paul Fonte sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $66,100. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 72.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in Cambium Learning Group by 32.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,510,400 shares of the company’s stock worth $16,841,000 after buying an additional 372,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cambium Learning Group by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,221 shares of the company’s stock worth $16,839,000 after buying an additional 94,393 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Cambium Learning Group by 437.6% during the 2nd quarter. GSA Capital Partners LLP now owns 70,190 shares of the company’s stock worth $783,000 after buying an additional 57,135 shares during the last quarter. Cadence Capital Management LLC bought a new position in Cambium Learning Group during the 3rd quarter worth approximately $2,420,000. Finally, Swiss National Bank bought a new position in Cambium Learning Group during the 2nd quarter worth approximately $319,000. 23.34% of the stock is currently owned by institutional investors.

ABCD remained flat at $$14.48 on Tuesday. The company had a trading volume of 194,439 shares, compared to its average volume of 280,113. The stock has a market capitalization of $684.90 million, a P/E ratio of 33.67 and a beta of -0.82. Cambium Learning Group has a 1 year low of $5.19 and a 1 year high of $14.53.

Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $44.73 million during the quarter, compared to analysts’ expectations of $44.75 million. Cambium Learning Group had a net margin of 26.87% and a negative return on equity of 159.95%. On average, equities research analysts expect that Cambium Learning Group will post 0.38 EPS for the current year.

Cambium Learning Group Company Profile

Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.

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