Grand Canyon Education (NASDAQ:LOPE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a hold rating to a buy rating in a research note released on Saturday.

A number of other equities analysts have also commented on the stock. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research report on Friday. Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, BMO Capital Markets lowered their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $150.88 on Friday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.95 and a beta of 0.57. The stock’s fifty day moving average price is $147.26 and its two-hundred day moving average price is $159.92. Grand Canyon Education has a one year low of $134.27 and a one year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The company had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 earnings per share. On average, equities analysts anticipate that Grand Canyon Education will post 10.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Grand Canyon Education during the fourth quarter worth about $25,000. Larson Financial Group LLC raised its position in shares of Grand Canyon Education by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at approximately $33,000. Finally, Leonteq Securities AG lifted its holdings in shares of Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.