Somewhat Positive Media Coverage Somewhat Unlikely to Impact Bridgepoint Education (BPI) Stock Price
News coverage about Bridgepoint Education (NYSE:BPI) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bridgepoint Education earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6539220230522 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Reviewing Bridgepoint Education (BPI) and The Competition (americanbankingnews.com)
- Contrasting Bridgepoint Education (BPI) and The Competition (americanbankingnews.com)
- Ashford University : Approved to Offer GI Bill Benefits by Arizona State Approving Agency (SAA) (4-traders.com)
- Ashford University Approved to Offer GI Bill Benefits by Arizona State Approving Agency (SAA) (finance.yahoo.com)
- Financial Review: Bridgepoint Education (BPI) versus The Competition (americanbankingnews.com)
Several equities analysts recently commented on BPI shares. ValuEngine upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $16.00 price target on shares of Bridgepoint Education in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.00.
Bridgepoint Education (NYSE BPI) traded down 0.11% during midday trading on Monday, reaching $8.85. 244,827 shares of the company’s stock traded hands. Bridgepoint Education has a 1-year low of $6.34 and a 1-year high of $15.85. The company’s market capitalization is $257.43 million. The firm’s 50-day moving average is $9.12 and its 200-day moving average is $11.81.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $127.00 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. Bridgepoint Education’s revenue for the quarter was down 9.7% on a year-over-year basis. Analysts forecast that Bridgepoint Education will post $0.64 earnings per share for the current year.
In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $9.00, for a total transaction of $18,678,555.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total transaction of $477,482.25. Following the sale, the chief executive officer now owns 146,806 shares of the company’s stock, valued at $1,296,296.98. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by company insiders.
About Bridgepoint Education
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services.
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