Grand Canyon Education (NASDAQ:LOPE) Price Target Raised to $165.00 at Barrington Research

Grand Canyon Education (NASDAQ:LOPE) had its price target upped by Barrington Research from $160.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for Grand Canyon Education’s Q4 2024 earnings at $2.95 EPS, FY2024 earnings at $7.80 EPS and FY2025 earnings at $8.60 EPS.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $150.00 to $155.00 and gave the stock an outperform rating in a research report on Wednesday. Robert W. Baird raised their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday.

Grand Canyon Education Stock Performance

LOPE stock traded up $2.18 during trading on Wednesday, reaching $149.26. The company had a trading volume of 276,848 shares, compared to its average volume of 202,621. The firm has a 50-day simple moving average of $133.28 and a 200-day simple moving average of $132.36. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. Grand Canyon Education has a twelve month low of $99.65 and a twelve month high of $156.56.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The company had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. During the same period last year, the business earned $2.00 EPS. Grand Canyon Education’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Grand Canyon Education will post 7.65 earnings per share for the current year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Grand Canyon Education

Large investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $54,000. Blue Trust Inc. grew its holdings in shares of Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after purchasing an additional 232 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Grand Canyon Education by 208.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 290 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after purchasing an additional 145 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Grand Canyon Education during the fourth quarter worth about $101,000. 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.