Perdoceo Education (NASDAQ:PRDO) Stock Price Expected to Rise, Barrington Research Analyst Says

Perdoceo Education (NASDAQ:PRDO) had its price objective raised by Barrington Research from $30.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 21.67% from the company’s previous close. Barrington Research also issued estimates for Perdoceo Education’s FY2025 earnings at $2.36 EPS.

Perdoceo Education Trading Down 5.9 %

Shares of NASDAQ:PRDO opened at $26.30 on Wednesday. The stock has a 50 day moving average of $22.07 and a 200 day moving average of $22.33. The company has a market cap of $1.73 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Perdoceo Education has a 12-month low of $16.12 and a 12-month high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The business had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. During the same period last year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Perdoceo Education will post 2.19 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the sale, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. This represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quarry LP increased its stake in 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 buying an additional 1,254 shares during the period. Blue Trust Inc. boosted its holdings in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the period. Quest Partners LLC bought a new position in Perdoceo Education in the second quarter worth approximately $39,000. Fifth Third Bancorp raised its position in Perdoceo Education by 650.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Perdoceo Education in the 2nd quarter worth $74,000. Institutional investors own 93.46% of the company’s stock.

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.