Barrington Research Issues Positive Forecast for Grand Canyon Education (NASDAQ:LOPE) Stock Price

Grand Canyon Education (NASDAQ:LOPE) had its price objective upped by Barrington Research from $165.00 to $180.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm 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.

A number of other equities analysts also recently commented on LOPE. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Grand Canyon Education Stock Performance

Shares of LOPE traded up $9.02 during mid-day trading on Thursday, reaching $172.56. The stock had a trading volume of 435,953 shares, compared to its average volume of 180,684. Grand Canyon Education has a 12 month low of $118.48 and a 12 month high of $172.88. The business has a fifty day moving average of $139.41 and a 200 day moving average of $141.36. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.15 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. On average, research analysts forecast that Grand Canyon Education will post 7.98 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LOPE. Reston Wealth Management LLC purchased a new position in Grand Canyon Education in the third quarter valued at $28,000. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Grand Canyon Education in the 3rd quarter valued at about $60,000. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

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.