Barrington Research Reaffirms Outperform Rating for Perdoceo Education (NASDAQ:PRDO)

Key Points

• Barrington Research has reiterated its "outperform" rating for Perdoceo Education (NASDAQ:PRDO) with a price target of $42.00, suggesting a potential upside of 16.26% from its current price.
• Perdoceo Education reported strong quarterly results with $0.67 earnings per share, exceeding estimates, and a significant revenue increase of 25.7% year-over-year.
• Insider trading activity has been notable, with Chairman Gregory L. Jackson selling shares valued at over $554,000, indicating a 21.36% decrease in his ownership stake.

Perdoceo Education (NASDAQ:PRDO - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $42.00 price target on the stock. Barrington Research's target price would indicate a potential upside of 16.26% from the company's current price.

Several other analysts have also weighed in on the company. Wall Street Zen upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Sunday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education currently has a consensus rating of "Buy" and a consensus target price of $42.00.

Perdoceo Education Price Performance

PRDO stock traded up $0.43 during midday trading on Tuesday, hitting $36.13. The company's stock had a trading volume of 73,806 shares, compared to its average volume of 586,251. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.88. Perdoceo Education has a 12 month low of $20.58 and a 12 month high of $38.02. The company has a 50 day moving average of $34.34 and a two-hundred day moving average of $31.36.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. During the same quarter in the prior year, the firm posted $0.60 EPS. Perdoceo Education's quarterly revenue was up 25.7% compared to the same quarter last year. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, analysts expect that Perdoceo Education will post 2.41 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Gregory L. Jackson sold 16,561 shares of Perdoceo Education stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $33.51, for a total transaction of $554,959.11. Following the completion of the sale, the chairman owned 60,962 shares of the company's stock, valued at $2,042,836.62. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president directly owned 72,142 shares of the company's stock, valued at $2,524,970. The trade was a 22.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 205,656 shares of company stock valued at $6,871,148 over the last three months. Corporate insiders own 2.11% of the company's stock.

Hedge Funds Weigh In On Perdoceo Education

A number of institutional investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Perdoceo Education by 2.2% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company's stock worth $557,000 after purchasing an additional 361 shares during the period. Blue Trust Inc. boosted its stake in shares of Perdoceo Education by 81.5% in the third quarter. Blue Trust Inc. now owns 833 shares of the company's stock valued at $31,000 after buying an additional 374 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Perdoceo Education by 4.7% in the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after acquiring an additional 399 shares during the last quarter. Equitable Trust Co. grew its position in shares of Perdoceo Education by 3.3% in the second quarter. Equitable Trust Co. now owns 14,024 shares of the company's stock valued at $458,000 after purchasing an additional 451 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of Perdoceo Education by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 37,194 shares of the company's stock valued at $1,216,000 after purchasing an additional 570 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.

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