Perdoceo Education (NASDAQ:PRDO) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Perdoceo Education has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased investor confidence in the stock.
• Barrington Research has raised the price target for Perdoceo Education shares from $40.00 to $42.00, reflecting positive outlook from multiple analysts.
• The company reported a quarterly revenue increase of 25.7% year-over-year, with earnings per share surpassing estimates at $0.67.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Sunday.

Several other analysts have also recently weighed in on PRDO. Barrington Research boosted their price objective on Perdoceo Education from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $42.00.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO opened at $35.11 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 15.20, a P/E/G ratio of 0.93 and a beta of 0.88. Perdoceo Education has a 1-year low of $20.55 and a 1-year high of $38.02. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $34.24 and a two-hundred day moving average price of $31.25.

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

Insider Activity at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 16,561 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $33.51, for a total value of $554,959.11. Following the completion of the transaction, the chairman directly owned 60,962 shares in the company, valued at approximately $2,042,836.62. The trade was a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 owned 72,142 shares of the company's stock, valued at $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 205,656 shares of company stock worth $6,871,148. 2.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Perdoceo Education by 2.2% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company's stock valued at $557,000 after purchasing an additional 361 shares during the period. Blue Trust Inc. grew its position in shares of Perdoceo Education by 81.5% in the 3rd quarter. Blue Trust Inc. now owns 833 shares of the company's stock valued at $31,000 after purchasing an additional 374 shares during the period. AlphaQuest LLC grew its position in shares of Perdoceo Education by 4.7% in the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after purchasing an additional 399 shares during the period. Equitable Trust Co. grew its position in shares of Perdoceo Education by 3.3% in the 2nd 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 2nd 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 currently owned by institutional investors and hedge funds.

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.

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