Perdoceo Education (NASDAQ:PRDO - Get Free Report) had its target price hoisted by equities researchers at Barrington Research from $40.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Barrington Research's price target points to a potential upside of 17.80% from the stock's current price.
Perdoceo Education Stock Performance
Shares of NASDAQ:PRDO traded down $0.23 during trading on Tuesday, hitting $35.66. 56,050 shares of the company traded hands, compared to its average volume of 605,108. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.92 and a beta of 0.91. The business's fifty day moving average is $31.75 and its 200-day moving average is $29.87. Perdoceo Education has a one year low of $20.55 and a one year high of $36.02. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter 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. As a group, equities analysts predict that Perdoceo Education will post 2.41 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, SVP Greg E. Jansen sold 30,234 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the completion of the transaction, the senior vice president owned 96,279 shares of the company's stock, valued at $3,177,207. This represents a 23.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashish R. Ghia sold 53,081 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the sale, the chief financial officer directly owned 157,632 shares of the company's stock, valued at approximately $4,839,302.40. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 205,656 shares of company stock valued at $6,871,148 in the last quarter. 2.11% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Perdoceo Education
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in shares of Perdoceo Education during the 1st quarter worth about $25,000. Planned Solutions Inc. acquired a new position in shares of Perdoceo Education during the 2nd quarter worth about $201,000. Jefferies Financial Group Inc. acquired a new position in shares of Perdoceo Education during the 1st quarter worth about $206,000. EMC Capital Management acquired a new position in Perdoceo Education in the 2nd quarter valued at about $208,000. Finally, NDVR Inc. acquired a new position in Perdoceo Education in the 2nd quarter valued at about $210,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.
About Perdoceo Education
(
Get Free Report)
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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