Barrington Research Issues Positive Forecast for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its price target hoisted by Barrington Research from $165.00 to $180.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock. Barrington Research also issued estimates for Grand Canyon Education’s FY2024 earnings at $8.03 EPS and FY2025 earnings at $8.81 EPS.

Other analysts have also issued reports about the company. BMO Capital Markets boosted their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

Grand Canyon Education Trading Up 5.5 %

Shares of NASDAQ:LOPE traded up $9.02 during mid-day trading on Thursday, hitting $172.56. 435,953 shares of the company traded hands, compared to its average volume of 180,684. The stock has a market cap of $5.08 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.15 and a beta of 0.70. The stock has a 50-day moving average price of $139.41 and a two-hundred day moving average price of $141.36. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $172.88.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the previous year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

Hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in shares of Grand Canyon Education during the third quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after buying an additional 283 shares during the period. Capital Performance Advisors LLP bought a new position in Grand Canyon Education during the 3rd quarter worth approximately $60,000. Blue Trust Inc. increased its stake in shares of Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the period. Finally, GAMMA Investing LLC boosted its position in Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.