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

Grand Canyon Education (NASDAQ:LOPE) had its price target lifted by research analysts at Barrington Research from $160.00 to $165.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 10.25% from the stock’s current price.

LOPE has been the subject of a number of other reports. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets boosted their price objective on Grand Canyon Education from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded up $9.88 during trading on Wednesday, reaching $149.66. 313,861 shares of the company’s stock traded hands, compared to its average volume of 199,975. The company has a 50 day moving average of $133.01 and a 200-day moving average of $132.26. Grand Canyon Education has a 12 month low of $99.65 and a 12 month high of $156.56. The stock has a market capitalization of $4.46 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. The business had revenue of $274.68 million during the quarter, compared to analyst estimates of $272.42 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. Equities research analysts predict that Grand Canyon Education will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $54,000. Blue Trust Inc. boosted its stake in Grand Canyon Education by 120.2% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after purchasing an additional 232 shares during the period. Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 208.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Grand Canyon Education by 41.2% during the 4th 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 stake in shares of Grand Canyon Education in the fourth quarter valued at $101,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Company Profile

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.