Perdoceo Education (NASDAQ:PRDO) Stock Rating Lowered by StockNews.com

Perdoceo Education (NASDAQ:PRDO) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, Barrington Research reissued an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research report on Monday, April 15th.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $18.86 on Thursday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.58 and a beta of 0.96. The business has a 50 day simple moving average of $17.55 and a 200 day simple moving average of $17.64. Perdoceo Education has a 52 week low of $11.50 and a 52 week high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, analysts predict that Perdoceo Education will post 2.12 EPS for the current year.

Insider Activity

In other news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at $12,674,313. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,500 shares of company stock valued at $1,597,350. 1.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. DGS Capital Management LLC raised its stake in shares of Perdoceo Education by 9.9% in the first quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock valued at $713,000 after purchasing an additional 3,671 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after purchasing an additional 565 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Perdoceo Education by 15.6% in the first quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock valued at $1,115,000 after purchasing an additional 8,567 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Perdoceo Education by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock valued at $102,744,000 after purchasing an additional 25,197 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Perdoceo Education by 43.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock valued at $21,380,000 after purchasing an additional 366,202 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Company Profile

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.