Grand Canyon Education (LOPE) Receiving Somewhat Favorable Press Coverage, Accern Reports
Media stories about Grand Canyon Education (NASDAQ:LOPE) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Grand Canyon Education earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.9154567624477 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Grand Canyon Education (NASDAQ:LOPE) opened at 80.68 on Tuesday. The company’s 50-day moving average price is $78.26 and its 200-day moving average price is $73.73. Grand Canyon Education has a 12 month low of $39.07 and a 12 month high of $85.94. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 22.27 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.15. The business had revenue of $218.30 million for the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Analysts anticipate that Grand Canyon Education will post $3.83 EPS for the current year.
Several brokerages have recently issued reports on LOPE. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Wednesday, June 21st. BidaskClub upgraded Grand Canyon Education from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Barrington Research restated an “outperform” rating and set a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.50.
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In other Grand Canyon Education news, CEO Brian E. Mueller sold 29,788 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $77.12, for a total value of $2,297,250.56. Following the transaction, the chief executive officer now directly owns 311,312 shares in the company, valued at approximately $24,008,381.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $80.35, for a total transaction of $105,660.25. Following the completion of the transaction, the chief operating officer now owns 99,774 shares in the company, valued at $8,016,840.90. The disclosure for this sale can be found here. Insiders sold a total of 130,231 shares of company stock worth $10,207,539 over the last 90 days. Insiders own 3.00% of the company’s stock.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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