Perdoceo Education (NASDAQ:PRDO) Receives Buy Rating from Barrington Research

Barrington Research reiterated their buy rating on shares of Perdoceo Education (NASDAQ:PRDO) in a report published on Tuesday, AnalystRatings.com reports. The brokerage currently has a $20.00 price target on the stock.

Several other analysts also recently commented on the company. Zacks Investment Research downgraded Perdoceo Education from a buy rating to a hold rating in a research note on Tuesday. TheStreet raised Perdoceo Education from a c+ rating to a b- rating in a research note on Thursday, July 16th. Finally, BidaskClub downgraded Perdoceo Education from a hold rating to a sell rating in a research note on Monday, September 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Perdoceo Education has a consensus rating of Hold and a consensus target price of $19.67.

PRDO stock opened at $11.66 on Tuesday. The business’s fifty day moving average is $14.45 and its 200-day moving average is $14.24. The company has a market cap of $806.07 million, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 0.53 and a beta of 1.72. Perdoceo Education has a twelve month low of $7.11 and a twelve month high of $19.85.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The company had revenue of $176.00 million for the quarter, compared to the consensus estimate of $173.57 million. Perdoceo Education had a return on equity of 24.90% and a net margin of 15.60%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts predict that Perdoceo Education will post 1.52 EPS for the current year.

In other Perdoceo Education news, CFO Ashish R. Ghia sold 46,454 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $17.00, for a total transaction of $789,718.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Czeszewski sold 20,707 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $12.49, for a total transaction of $258,630.43. Following the transaction, the senior vice president now owns 104,785 shares of the company’s stock, valued at $1,308,764.65. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC bought a new stake in shares of Perdoceo Education in the first quarter worth $33,000. Macquarie Group Ltd. bought a new stake in Perdoceo Education during the second quarter valued at $49,000. US Bancorp DE boosted its position in Perdoceo Education by 1,003.0% during the second quarter. US Bancorp DE now owns 3,309 shares of the company’s stock valued at $53,000 after acquiring an additional 3,009 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Perdoceo Education by 549.6% during the second quarter. Advisor Group Holdings Inc. now owns 3,365 shares of the company’s stock valued at $54,000 after purchasing an additional 2,847 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Perdoceo Education during the first quarter valued at about $64,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

About Perdoceo Education

Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. It operates through three segments: Colorado Technical University, American InterContinental University, and All Other Campuses.

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