Barrington Research Increases Grand Canyon Education (NASDAQ:LOPE) Price Target to $205.00

Grand Canyon Education (NASDAQ:LOPEGet Free Report) had its price target increased by analysts at Barrington Research from $180.00 to $205.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 6.82% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Check Out Our Latest Report on Grand Canyon Education

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE traded up $7.90 during trading hours on Thursday, hitting $191.92. 161,712 shares of the stock were exchanged, compared to its average volume of 139,608. Grand Canyon Education has a one year low of $126.17 and a one year high of $192.18. The company’s 50 day moving average is $170.38 and its 200 day moving average is $155.18. The firm has a market capitalization of $5.59 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.40 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. Research analysts anticipate that Grand Canyon Education will post 8.03 earnings per share for the current fiscal year.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % 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. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GeoWealth Management LLC bought a new stake in shares of Grand Canyon Education during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the 4th quarter worth about $27,000. Reston Wealth Management LLC bought a new stake in Grand Canyon Education during the 3rd quarter worth about $28,000. True Wealth Design LLC acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $31,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Grand Canyon Education in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

(Get Free Report)

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.

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