Grand Canyon Education (NASDAQ:LOPE) Sets New 1-Year Low – Should You Sell?

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) hit a new 52-week low during trading on Tuesday . The company traded as low as $136.88 and last traded at $136.50, with a volume of 28799 shares changing hands. The stock had previously closed at $139.46.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOPE. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research report on Tuesday, June 9th. Finally, Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.67.

Grand Canyon Education Stock Down 1.2%

The company has a market cap of $3.62 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.92 and a beta of 0.57. The company has a fifty day moving average of $149.01 and a 200 day moving average of $161.32.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.08. The business had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $2.57 earnings per share. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Grand Canyon Education in the 4th quarter worth $25,000. Toronto Dominion Bank purchased a new stake in Grand Canyon Education in the fourth quarter worth about $26,000. Larson Financial Group LLC increased its position in Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Leonteq Securities AG raised its stake in shares of Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after buying an additional 64 shares during the period. Finally, Financial Life Planners bought a new position in shares of Grand Canyon Education in the first quarter worth about $33,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.