Weiss Ratings Reaffirms "Buy (B)" Rating for Perdoceo Education (NASDAQ:PRDO)

Key Points

• Perdoceo Education has received a reaffirmed "Buy (B)" rating from Weiss Ratings, indicating positive sentiment among analysts regarding the stock's performance.
• In addition to Weiss Ratings, Barrington Research set a target price of $42.00 for Perdoceo Education shares, which aligns with the average price target for the stock.
• The company reported strong earnings of $0.67 per share for the last quarter, surpassing analyst estimates and showing a 25.7% increase in revenue compared to the previous year.

Perdoceo Education (NASDAQ:PRDO - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on PRDO. Barrington Research restated an "outperform" rating and set a $42.00 target price on shares of Perdoceo Education in a research note on Tuesday, October 21st. Wall Street Zen upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Sunday, October 19th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Perdoceo Education has an average rating of "Buy" and an average price target of $42.00.

Perdoceo Education Stock Up 0.1%

Shares of Perdoceo Education stock opened at $36.88 on Friday. The company's fifty day simple moving average is $34.71 and its two-hundred day simple moving average is $31.64. The company has a market cap of $2.40 billion, a P/E ratio of 15.97, a PEG ratio of 0.98 and a beta of 0.88. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. Perdoceo Education has a 12-month low of $20.97 and a 12-month high of $38.02.

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. The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company's revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts anticipate that Perdoceo Education will post 2.41 EPS for the current year.

Insider Buying and Selling

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 4,568 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $148,460.00. Following the completion of the sale, the chairman directly owned 60,962 shares of the company's stock, valued at $1,981,265. This trade represents a 6.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the sale, the senior vice president directly owned 96,279 shares of the company's stock, valued at approximately $3,177,207. This trade represents a 23.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock worth $6,871,148 in the last ninety days. Corporate insiders own 2.11% of the company's stock.

Institutional Investors Weigh In On Perdoceo Education

A number of institutional investors have recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in 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 valued at $557,000 after buying an additional 361 shares in the last quarter. Blue Trust Inc. grew its holdings in Perdoceo Education by 81.5% during the 3rd 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. Global Retirement Partners LLC grew its holdings in Perdoceo Education by 49.9% during the 3rd quarter. Global Retirement Partners LLC now owns 1,154 shares of the company's stock valued at $43,000 after buying an additional 384 shares in the last quarter. AlphaQuest LLC grew its holdings in Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after buying an additional 399 shares in the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Perdoceo Education by 3.3% during the 2nd quarter. Equitable Trust Co. now owns 14,024 shares of the company's stock valued at $458,000 after acquiring an additional 451 shares during the last quarter. 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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