Perdoceo Education (NASDAQ:PRDO) Raised to “Strong-Buy” at Wall Street Zen

Perdoceo Education (NASDAQ:PRDO) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also recently weighed in on the stock. Barrington Research upped their target price on shares of Perdoceo Education from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $42.00.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $35.70 on Friday. The firm’s 50-day moving average is $34.34 and its 200-day moving average is $31.36. Perdoceo Education has a 52-week low of $20.55 and a 52-week high of $38.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.93 and a beta of 0.88.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Equities research analysts anticipate that Perdoceo Education will post 2.41 earnings per share for the current year.

Insider Activity

In other Perdoceo Education news, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the sale, the senior vice president directly owned 72,142 shares of the company’s stock, valued at approximately $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 53,081 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the sale, the chief financial officer directly owned 157,632 shares in the company, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 205,656 shares of company stock valued at $6,871,148. Corporate insiders own 2.11% of the company’s stock.

Institutional Trading of Perdoceo Education

Several hedge funds have recently modified their holdings of the stock. Diversified Trust Co grew its stake in shares of Perdoceo Education by 6.9% during the third quarter. Diversified Trust Co now owns 11,965 shares of the company’s stock valued at $451,000 after purchasing an additional 769 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Perdoceo Education during the third quarter valued at approximately $35,497,000. Blue Trust Inc. grew its stake in shares of Perdoceo Education by 81.5% during the third quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after purchasing an additional 374 shares during the last quarter. CWM LLC grew its stake in shares of Perdoceo Education by 2,102.5% during the third quarter. CWM LLC now owns 11,673 shares of the company’s stock valued at $440,000 after purchasing an additional 11,143 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Perdoceo Education by 47.5% in the third quarter. Exchange Traded Concepts LLC now owns 159,764 shares of the company’s stock valued at $6,017,000 after acquiring an additional 51,472 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Perdoceo Education Company Profile

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.