Perdoceo Education (NASDAQ:PRDO) Given New $35.00 Price Target at Barrington Research

Perdoceo Education (NASDAQ:PRDO) had its price objective hoisted by research analysts at Barrington Research from $32.00 to $35.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 28.82% from the stock’s current price. 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 upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $27.17 on Wednesday. The company has a market capitalization of $1.79 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. The business has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $24.74. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 21.66%. Sell-side analysts anticipate that Perdoceo Education will post 2.36 earnings per share for the current year.

Insider Activity

In other news, SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $327,888.88. Following the transaction, the chief executive officer now directly owns 615,697 shares in the company, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PRDO. First Trust Advisors LP lifted its holdings in Perdoceo Education by 7.9% during 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. Geode Capital Management LLC lifted its holdings in Perdoceo Education by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock worth $48,129,000 after purchasing an additional 14,591 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Perdoceo Education during the 4th quarter worth about $47,129,000. Frontier Capital Management Co. LLC lifted its holdings in Perdoceo Education by 5.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock worth $46,042,000 after purchasing an additional 85,100 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Perdoceo Education by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock worth $43,072,000 after purchasing an additional 79,686 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Perdoceo Education

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.