Barrington Research Boosts Perdoceo Education (NASDAQ:PRDO) Price Target to $25.00

Perdoceo Education (NASDAQ:PRDO) had its price target boosted by stock analysts at Barrington Research from $23.00 to $25.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target points to a potential upside of 5.40% from the company’s current price.

Separately, StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th.

Perdoceo Education Trading Up 29.3 %

Shares of Perdoceo Education stock traded up $5.38 on Thursday, hitting $23.72. 1,560,443 shares of the company traded hands, compared to its average volume of 518,197. The stock’s 50 day moving average price is $17.62 and its 200-day moving average price is $17.65. Perdoceo Education has a 52 week low of $11.50 and a 52 week high of $23.80. The company has a market cap of $1.56 billion, a PE ratio of 10.84, a PEG ratio of 0.58 and a beta of 0.92.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $168.30 million during the quarter, compared to the consensus estimate of $163.30 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. Perdoceo Education’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, research analysts anticipate that Perdoceo Education will post 2.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Ashish R. Ghia sold 11,412 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Ashish R. Ghia sold 11,412 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $17.23, for a total transaction of $275,680.00. Following the sale, the chief executive officer now directly owns 713,367 shares in the company, valued at $12,291,313.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,412 shares of company stock valued at $1,342,428. 1.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently added to or reduced their stakes in the business. Planned Solutions Inc. purchased a new stake in Perdoceo Education in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Perdoceo Education in the fourth quarter valued at $26,000. AJOVista LLC purchased a new stake in Perdoceo Education in the fourth quarter valued at $81,000. Banque Cantonale Vaudoise boosted its holdings in Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after purchasing an additional 565 shares during the last quarter. Finally, Commons Capital LLC acquired a new position in shares of Perdoceo Education in the fourth quarter worth about $193,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.