Barrington Research reaffirms “Buy” rating for Perdoceo Education (NASDAQ:PRDO)

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Perdoceo Education (NASDAQ:PRDO – Get a Grade)‘s stock had its “buy” rating reiterated by research analysts Barrington Research in a report released on Friday, TipRanks reports. They currently have a target price of $16.00 on the stock. Barrington Research’s target price would suggest a potential upside of 58.10% from the company’s current price.

Separately, Zacks Investment Research downgraded shares of Perdoceo Education from a “hold” rating to a “sell” rating in a report on Thursday, February 3.

Shares of Perdoceo Education rose $0.04 on Friday, hitting $10.12. 21,360 shares of the company were traded, against an average volume of 526,619. Perdoceo Education has a 52-week low of $9.65 and a 52-week high of $13.50. The company has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $10.95. The stock has a market capitalization of $709.47 million, a P/E ratio of 6.45, a price-to-earnings growth ratio of 0.42 and a beta of 1.17.

Separately, SVP Jeffrey David Ayers sold 6,894 shares in a trade that took place on Friday, December 17. The stock was sold at an average price of $11.80, for a total transaction of $81,349.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. 2.46% of the shares are held by insiders.

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Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. The Public Sector Pension Investment Board increased its stake in Perdoceo Education by 6.0% during the third quarter. The Public Sector Pension Investment Board now owns 199,741 shares of the company worth $2,109,000 after acquiring 11,259 more shares in the last quarter. Camelot Portfolios LLC increased its stake in Perdoceo Education by 27.3% in the 4th quarter. Camelot Portfolios LLC now owns 93,342 shares of the company valued at $1,098,000 after purchasing an additional 20,011 shares during the period. Price T Rowe Associates Inc. MD increased its position in Perdoceo Education by 11.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,677,759 shares of the company worth $45,126,000 after purchasing an additional 365,194 shares in the last quarter. Northern Trust Corp increased its stake in Perdoceo Education by 15.4% during the second quarter. Northern Trust Corp now owns 1,181,341 shares of the company worth $14,495,000 after purchasing an additional 158,069 shares during the period. Finally, Occudo Quantitative Strategies LP increased its position in Perdoceo Education by 20.1% during the second quarter. Occudo Quantitative Strategies LP now owns 59,192 shares of the company valued at $726,000 after acquiring 9,888 additional shares in the last quarter. Institutional investors hold 85.73% of the company’s shares.

Company Profile Perdoceo Education (Get an evaluation)

Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity, and healthcare management.

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