Perdoceo Education (NASDAQ:PRDO) Stock Rating Lowered by StockNews.com

Perdoceo Education (NASDAQ:PRDO) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, Barrington Research lifted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Perdoceo Education Stock Up 1.2 %

PRDO opened at $27.67 on Thursday. The business has a fifty day moving average of $26.73 and a 200 day moving average of $23.81. The stock has a market cap of $1.82 billion, a P/E ratio of 13.90, a PEG ratio of 0.73 and a beta of 1.06. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. Equities analysts anticipate that Perdoceo Education will post 2.27 EPS for the current fiscal year.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. The trade was a 18.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now directly owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,594 shares of company stock valued at $1,541,396. Company insiders own 1.81% of the company’s stock.

Hedge Funds Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP boosted its position in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. boosted its holdings in Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Perdoceo Education during the second quarter worth about $39,000. Point72 DIFC Ltd acquired a new position in shares of Perdoceo Education during the third quarter valued at about $114,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Perdoceo Education in the 3rd quarter valued at approximately $133,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.