Perdoceo Education (NASDAQ:PRDO) Reaches New 52-Week High - Should You Buy?

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.33 and last traded at $29.17, with a volume of 77927 shares. The stock had previously closed at $24.87.

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday.

Perdoceo Education Trading Up 12.4 %

The company has a market cap of $1.84 billion, a P/E ratio of 14.05, a PEG ratio of 0.76 and a beta of 1.04. The business's fifty day moving average is $21.95 and its 200 day moving average is $22.29.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the business earned $0.64 EPS. Perdoceo Education's revenue was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Perdoceo Education Co. will post 2.19 EPS for the current fiscal year.

Insider Activity at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Quarry LP increased its stake in Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. increased its stake in 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 acquiring an additional 492 shares during the last quarter. Quest Partners LLC bought a new position in Perdoceo Education in the second quarter valued at $39,000. Fifth Third Bancorp increased its stake in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Perdoceo Education in the second quarter valued at $74,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.