Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $155.00

Grand Canyon Education (NASDAQ:LOPE) had its price target lifted by stock analysts at BMO Capital Markets from $150.00 to $155.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 3.85% from the stock’s current price.

LOPE has been the topic of a number of other reports. Robert W. Baird increased their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Trading Up 1.5 %

Shares of LOPE opened at $149.26 on Wednesday. Grand Canyon Education has a 12 month low of $99.65 and a 12 month high of $156.56. The stock has a fifty day moving average price of $133.57 and a 200-day moving average price of $132.48. The firm has a market cap of $4.45 billion, a PE ratio of 20.88, a P/E/G ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm had revenue of $274.68 million during the quarter, compared to analyst estimates of $272.42 million. During the same period last year, the firm posted $2.00 EPS. Grand Canyon Education’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Grand Canyon Education will post 7.65 EPS for the current year.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Grand Canyon Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOPE. GAMMA Investing LLC acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $54,000. Blue Trust Inc. increased its stake in shares of Grand Canyon Education by 120.2% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after acquiring an additional 232 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Grand Canyon Education by 208.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after acquiring an additional 290 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after purchasing an additional 145 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Grand Canyon Education during the fourth quarter worth about $101,000. 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.