Bridgepoint Education Inc (BPI) Given $15.00 Consensus Target Price by Brokerages
Bridgepoint Education Inc (NYSE:BPI) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus price objective of $15.00 for the company and are predicting that the company will post ($0.13) earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgepoint Education an industry rank of 76 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price objective on shares of Bridgepoint Education in a report on Friday, October 27th.
Bridgepoint Education (NYSE:BPI) last released its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. equities analysts expect that Bridgepoint Education will post 0.61 earnings per share for the current year.
Bridgepoint Education announced that its board has approved a share repurchase plan on Friday, November 17th that authorizes the company to repurchase 2,100,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through a private placement purchase. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total value of $59,746,831.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Clark sold 54,075 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total value of $492,082.50. Following the completion of the transaction, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at $1,335,934.60. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Bridgepoint Education by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,766,602 shares of the company’s stock worth $26,076,000 after buying an additional 49,994 shares during the period. Renaissance Technologies LLC boosted its position in shares of Bridgepoint Education by 15.2% during the second quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock worth $22,252,000 after buying an additional 198,900 shares during the period. Vanguard Group Inc. boosted its position in shares of Bridgepoint Education by 6.2% during the first quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock worth $15,679,000 after buying an additional 85,909 shares during the period. Schroder Investment Management Group boosted its position in shares of Bridgepoint Education by 1.9% during the third quarter. Schroder Investment Management Group now owns 895,097 shares of the company’s stock worth $8,673,000 after buying an additional 17,043 shares during the period. Finally, State Street Corp boosted its position in shares of Bridgepoint Education by 14.9% during the second quarter. State Street Corp now owns 322,378 shares of the company’s stock worth $4,755,000 after buying an additional 41,767 shares during the period. 87.97% of the stock is owned by hedge funds and other institutional investors.
Bridgepoint Education Company Profile
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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