Perdoceo Education (NASDAQ:PRDO - Get Free Report) had its target price boosted by equities researchers at Barrington Research from $32.00 to $35.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's price target indicates a potential upside of 34.77% from the stock's previous close. Barrington Research also issued estimates for Perdoceo Education's Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.52 EPS, FY2025 earnings at $2.41 EPS and FY2026 earnings at $2.60 EPS.
Separately, StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.
View Our Latest Stock Report on PRDO
Perdoceo Education Price Performance
PRDO stock traded down $1.20 during midday trading on Wednesday, reaching $25.97. The company had a trading volume of 475,120 shares, compared to its average volume of 406,725. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.84. The company has a market capitalization of $1.71 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.75 and a beta of 1.07. The firm has a 50-day moving average price of $27.39 and a 200-day moving average price of $24.74.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. On average, research analysts anticipate that Perdoceo Education will post 2.41 earnings per share for the current fiscal year.
Insider Activity
In related news, SVP John Robert Kline sold 12,148 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,363,144.95. This represents a 8.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company's stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Perdoceo Education
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRDO. Castlekeep Investment Advisors LLC bought a new stake in Perdoceo Education during the 4th quarter valued at $47,129,000. Wellington Management Group LLP bought a new stake in Perdoceo Education during the 3rd quarter valued at $9,374,000. Boston Partners raised its holdings in Perdoceo Education by 41.1% in the 4th quarter. Boston Partners now owns 1,209,899 shares of the company's stock worth $32,379,000 after purchasing an additional 352,470 shares in the last quarter. Millennium Management LLC raised its holdings in Perdoceo Education by 46.1% in the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company's stock worth $23,071,000 after purchasing an additional 275,129 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Perdoceo Education by 7.9% in the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after purchasing an additional 241,147 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.
Perdoceo Education Company Profile
(
Get Free Report)
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.
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