Barrington Research Raises Grand Canyon Education (NASDAQ:LOPE) Price Target to $205.00

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) had its price objective increased by equities researchers at Barrington Research from $180.00 to $205.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Barrington Research's target price points to a potential upside of 15.43% from the stock's previous close. Barrington Research also issued estimates for Grand Canyon Education's Q1 2025 earnings at $2.51 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.68 EPS, Q4 2025 earnings at $3.14 EPS and FY2026 earnings at $9.57 EPS.

Several other brokerages have also issued reports on LOPE. StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Robert W. Baird increased their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded down $4.11 during midday trading on Thursday, hitting $177.59. 245,955 shares of the company's stock were exchanged, compared to its average volume of 153,588. Grand Canyon Education has a 12 month low of $126.17 and a 12 month high of $192.18. The company has a market cap of $5.10 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. The stock has a 50 day moving average price of $171.04 and a 200-day moving average price of $155.79.

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Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million for the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, analysts anticipate that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares of the company's stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Grand Canyon Education

A number of large investors have recently bought and sold shares of LOPE. FMR LLC increased its stake in shares of Grand Canyon Education by 14.3% in the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after buying an additional 189,843 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Grand Canyon Education by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock worth $144,982,000 after acquiring an additional 14,667 shares during the last quarter. State Street Corp increased its position in shares of Grand Canyon Education by 0.9% in the third quarter. State Street Corp now owns 883,971 shares of the company's stock valued at $125,391,000 after acquiring an additional 8,159 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after purchasing an additional 68,579 shares during the period. Finally, Invesco Ltd. raised its position in Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after purchasing an additional 39,136 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.