Zacks Investment Research upgraded shares of Bridgepoint Education (NYSE:BPI) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $9.50 price target on the stock.

According to Zacks, “Bridgepoint Education, Inc. provides postsecondary education services. It offers associate’s, bachelor’s, master’s, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The Company delivers its programs online, as well as at its traditional campuses located in Clinton, Iowa and Colorado Springs, Colorado. Headquartered in San Diego, California, the company was founded on the principle that those who are academically prepared deserve access to an affordable higher education without sacrificing quality, transferability of credits, accessibility and academic standards. “

Other analysts have also recently issued reports about the company. ValuEngine upgraded Bridgepoint Education from a hold rating to a buy rating in a research report on Monday, October 2nd. Piper Jaffray Companies restated a hold rating and issued a $13.00 price objective on shares of Bridgepoint Education in a research report on Friday, October 27th.

Shares of Bridgepoint Education (BPI) traded down $0.26 during mid-day trading on Tuesday, reaching $7.95. The company had a trading volume of 130,000 shares, compared to its average volume of 266,767. The stock has a market capitalization of $240.04, a PE ratio of 56.79, a P/E/G ratio of 1.66 and a beta of 2.17. Bridgepoint Education has a 52 week low of $7.53 and a 52 week high of $15.85.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $119.40 million during the quarter, compared to analysts’ expectations of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. equities analysts predict that Bridgepoint Education will post 0.61 EPS for the current fiscal year.

Bridgepoint Education announced that its board has approved a share buyback plan on Friday, November 17th that allows the company to repurchase 2,100,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through a private placement purchase. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Pincus Private Equity Warburg sold 7,562,890 shares of Bridgepoint Education stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total value of $59,746,831.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total value of $492,082.50. Following the completion of the sale, the chief executive officer now directly owns 146,806 shares in the company, valued at $1,335,934.60. The disclosure for this sale can be found here. 41.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of BPI. Schwab Charles Investment Management Inc. boosted its stake in shares of Bridgepoint Education by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,063 shares of the company’s stock worth $1,241,000 after acquiring an additional 399 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Bridgepoint Education in the second quarter worth approximately $626,000. Prudential Financial Inc. boosted its stake in shares of Bridgepoint Education by 158.1% in the second quarter. Prudential Financial Inc. now owns 35,759 shares of the company’s stock worth $528,000 after acquiring an additional 21,902 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Bridgepoint Education by 585.1% in the second quarter. Wells Fargo & Company MN now owns 82,552 shares of the company’s stock worth $1,219,000 after acquiring an additional 70,503 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Bridgepoint Education in the second quarter worth approximately $176,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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