Grand Canyon Education (NASDAQ:LOPE) Sets New 52-Week Low – Time to Sell?

Grand Canyon Education, Inc. (NASDAQ:LOPE)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $140.23 and last traded at $140.3750, with a volume of 1043895 shares. The stock had previously closed at $141.59.

Analyst Ratings Changes

Several analysts recently weighed in on LOPE shares. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Barrington Research reissued an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Grand Canyon Education has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

Grand Canyon Education Trading Down 0.1%

The company has a market capitalization of $3.75 billion, a PE ratio of 17.66, a PEG ratio of 0.94 and a beta of 0.56. The firm’s 50-day simple moving average is $158.97 and its 200-day simple moving average is $163.93.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The business had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. During the same period last year, the company posted $2.57 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Grand Canyon Education during the 4th quarter valued at $25,000. Larson Financial Group LLC grew its position in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Grand Canyon Education during the 4th quarter worth $26,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the first quarter valued at $33,000. Finally, Leonteq Securities AG increased its stake in shares of Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after buying an additional 64 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.