Laureate Education (NASDAQ:LAUR) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a sell rating in a research note published on Friday, BidAskClub reports.

Several other research analysts have also recently issued reports on LAUR. Zacks Investment Research cut Laureate Education from a hold rating to a sell rating in a research note on Tuesday, December 15th. Barclays increased their target price on Laureate Education from $11.00 to $14.00 and gave the company an equal weight rating in a research report on Tuesday, September 15th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Laureate Education has a consensus rating of Hold and an average target price of $16.19.

Shares of NASDAQ:LAUR opened at $14.56 on Friday. Laureate Education has a 52-week low of $7.30 and a 52-week high of $21.66. The stock has a market cap of $3.06 billion, a P/E ratio of -3.27 and a beta of 0.81. The business’s 50 day moving average is $14.68 and its 200 day moving average is $12.82. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($3.90). Laureate Education had a positive return on equity of 15.92% and a negative net margin of 38.07%. The firm had revenue of $243.50 million during the quarter, compared to the consensus estimate of $657.80 million. During the same period last year, the company earned ($0.43) EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Laureate Education will post 1.87 EPS for the current fiscal year.

In other news, CAO Tal Darmon sold 13,615 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $14.84, for a total transaction of $202,046.60. Following the completion of the sale, the chief accounting officer now owns 7,442 shares in the company, valued at approximately $110,439.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Laureate Education during the 3rd quarter valued at $40,000. Daiwa Securities Group Inc. raised its stake in Laureate Education by 78.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,220 shares of the company’s stock worth $56,000 after acquiring an additional 1,850 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Laureate Education by 25.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,269 shares of the company’s stock worth $62,000 after acquiring an additional 1,264 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Laureate Education in the 2nd quarter worth $73,000. Finally, O Shaughnessy Asset Management LLC raised its stake in Laureate Education by 247.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,343 shares of the company’s stock worth $84,000 after acquiring an additional 4,519 shares during the last quarter. Hedge funds and other institutional investors own 51.03% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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