Wall Street Zen Downgrades Perdoceo Education (NASDAQ:PRDO) to Buy
Wall Street Zen downgraded Perdoceo Education (NASDAQ:PRDO) from a "strong-buy" to a "buy" rating. Other analysts, including Weiss Ratings and Barrington Research, maintained positive ratings with a target price of $42.00. Perdoceo's stock opened at $31.53, with a 12-month range of $23.87 to $38.02. The company reported $0.65 EPS for the last quarter, exceeding estimates, and had a revenue increase of 24.8% year-over-year. Insider transactions revealed significant stock sales by executives, while institutional investors hold 93.46% of shares.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Wednesday.
A number of other equities analysts have also weighed in on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Barrington Research reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Perdoceo Education in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $42.00.
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Perdoceo Education Price Performance
Perdoceo Education stock opened at $31.53 on Wednesday. Perdoceo Education has a 12-month low of $23.87 and a 12-month high of $38.02. The firm has a 50-day moving average price of $34.66 and a 200-day moving average price of $32.32. The firm has a market capitalization of $2.03 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The firm had revenue of $211.87 million during the quarter, compared to analyst estimates of $207.02 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The business's revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. As a group, equities research analysts forecast that Perdoceo Education will post 2.41 EPS for the current year.
Insider Transactions at Perdoceo Education
In other news, SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the sale, the senior vice president owned 96,279 shares in the company, valued at $3,177,207. This represents a 23.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the completion of the sale, the chief executive officer directly owned 524,047 shares in the company, valued at approximately $18,430,732.99. The trade was a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 152,575 shares of company stock valued at $5,241,561 over the last ninety days. 2.11% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in PRDO. IFP Advisors Inc bought a new position in shares of Perdoceo Education in the 1st quarter worth about $25,000. CBIZ Investment Advisory Services LLC bought a new position in Perdoceo Education in the third quarter worth about $25,000. First Horizon Corp acquired a new position in Perdoceo Education in the third quarter valued at approximately $29,000. Blue Trust Inc. grew its holdings in shares of Perdoceo Education by 81.5% during the third quarter. Blue Trust Inc. now owns 833 shares of the company's stock valued at $31,000 after purchasing an additional 374 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Perdoceo Education by 166.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 836 shares of the company's stock worth $31,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
About Perdoceo Education
(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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