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

Perdoceo Education (NASDAQ:PRDO) had its price objective boosted by equities research analysts at Barrington Research from $23.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 5.40% from the stock’s previous close.

Separately, StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

Perdoceo Education Trading Up 29.3 %

PRDO stock traded up $5.38 during trading hours on Thursday, hitting $23.72. 1,560,443 shares of the stock were exchanged, compared to its average volume of 518,197. The firm has a market capitalization of $1.56 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.58 and a beta of 0.92. The company has a 50-day simple moving average of $17.62 and a two-hundred day simple moving average of $17.65. Perdoceo Education has a 12 month low of $11.50 and a 12 month high of $23.80.

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

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now owns 226,234 shares in the company, valued at $4,298,446. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the sale, the chief executive officer now directly owns 617,367 shares of the company’s stock, valued at $10,927,395.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares in the company, valued at $4,298,446. The disclosure for this sale can be found here. Insiders have sold a total of 75,412 shares of company stock worth $1,342,428 over the last 90 days. Insiders own 1.81% of the company’s stock.

Institutional Trading of Perdoceo Education

Hedge funds have recently made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in shares of Perdoceo Education during the fourth quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Perdoceo Education during the fourth quarter valued at about $26,000. AJOVista LLC acquired a new position in shares of Perdoceo Education in the fourth quarter worth approximately $81,000. Banque Cantonale Vaudoise lifted its stake in shares of Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after acquiring an additional 565 shares during the period. Finally, Commons Capital LLC acquired a new position in shares of Perdoceo Education in the fourth quarter worth approximately $193,000. 93.46% of the stock is owned by institutional investors and hedge funds.

About Perdoceo Education

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.