Perdoceo Education (NASDAQ:PRDO) PT Raised to $25.00

Perdoceo Education (NASDAQ:PRDO - Get Free Report) had its price target lifted by Barrington Research from $23.00 to $25.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Barrington Research's price objective suggests a potential upside of 3.69% from the stock's previous close.

Separately, StockNews.com downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 25th.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO traded up $5.77 during mid-day trading on Thursday, reaching $24.11. 2,182,218 shares of the company traded hands, compared to its average volume of 527,010. The stock has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $17.70. Perdoceo Education has a fifty-two week low of $11.50 and a fifty-two week high of $24.18. The firm has a market cap of $1.58 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.58 and a beta of 0.92.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. The company had revenue of $168.30 million during the quarter, compared to analyst estimates of $163.30 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company's revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. As a group, analysts predict that Perdoceo Education will post 2.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated 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 approximately $12,291,313.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the business's 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 completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 of the company's stock, valued at $12,291,313.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,412 shares of company stock worth $1,342,428. Corporate insiders own 1.81% of the company's stock.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors and hedge funds have recently modified their holdings of the business. Planned Solutions Inc. acquired a new stake in Perdoceo Education in the fourth quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Perdoceo Education during the 4th quarter worth about $26,000. AJOVista LLC acquired a new stake in shares of Perdoceo Education during the 4th quarter worth about $81,000. Banque Cantonale Vaudoise lifted its stake in shares of Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock worth $110,000 after buying an additional 565 shares during the last quarter. Finally, Commons Capital LLC acquired a new stake in Perdoceo Education in the 4th quarter worth about $193,000. 93.46% of the stock is owned by 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.