Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $180.00 at Barrington Research

Grand Canyon Education (NASDAQ:LOPE) had its price target upped by Barrington Research from $165.00 to $180.00 in a research report report published on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for Grand Canyon Education’s FY2024 earnings at $8.03 EPS and FY2025 earnings at $8.81 EPS.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.

Grand Canyon Education Stock Up 5.5 %

LOPE stock traded up $8.98 during mid-day trading on Thursday, hitting $172.52. The company had a trading volume of 504,597 shares, compared to its average volume of 162,311. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.34 and a beta of 0.70. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $172.88. The company has a 50-day moving average price of $139.96 and a 200 day moving average price of $141.66.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.20%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. As a group, analysts expect that Grand Canyon Education will post 7.98 EPS for the current year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

Institutional investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Grand Canyon Education during the third quarter valued at $1,867,000. Quest Partners LLC boosted its position in Grand Canyon Education by 20.4% in the 3rd quarter. Quest Partners LLC now owns 14,812 shares of the company’s stock worth $2,101,000 after purchasing an additional 2,513 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after buying an additional 19,577 shares during the period. Natixis Advisors LLC acquired a new position in Grand Canyon Education in the 3rd quarter valued at $1,440,000. Finally, Empowered Funds LLC increased its stake in shares of Grand Canyon Education by 4.4% in the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock worth $1,424,000 after acquiring an additional 421 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.