Barrington Research Issues Positive Forecast for Perdoceo Education (NASDAQ:PRDO) Stock Price

Perdoceo Education (NASDAQ:PRDO - Get Free Report) had its price objective upped by equities research analysts at Barrington Research from $38.00 to $40.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Barrington Research's price objective would suggest a potential upside of 21.21% from the company's current price.

Separately, Wall Street Zen cut Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO traded down $0.27 during trading on Friday, hitting $33.00. 591,164 shares of the company's stock were exchanged, compared to its average volume of 485,411. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education has a 52-week low of $20.23 and a 52-week high of $34.60. The business's 50-day simple moving average is $28.70 and its 200 day simple moving average is $27.42. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.75 and a beta of 0.85.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, equities analysts predict that Perdoceo Education will post 2.41 EPS for the current year.

Insider Activity

In other news, CFO Ashish R. Ghia sold 6,236 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at $15,882,199.02. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,116 shares of company stock valued at $3,895,709 in the last ninety days. Insiders own 2.11% of the company's stock.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc bought a new stake in shares of Perdoceo Education during the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Quarry LP lifted its stake in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after acquiring an additional 1,239 shares during the last quarter. KBC Group NV lifted its stake in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after acquiring an additional 1,355 shares during the last quarter. 93.46% of the stock is owned by 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.