Grand Canyon Education (NASDAQ:LOPE) Stock Price Expected to Rise, Barrington Research Analyst Says

Grand Canyon Education (NASDAQ:LOPE) had its price objective hoisted by analysts at Barrington Research from $165.00 to $180.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 4.34% from the stock’s previous close. Barrington Research also issued estimates for Grand Canyon Education’s FY2024 earnings at $8.03 EPS and FY2025 earnings at $8.81 EPS.

LOPE has been the subject of several other reports. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $8.98 during trading on Thursday, reaching $172.52. The company’s stock had a trading volume of 504,597 shares, compared to its average volume of 162,311. The firm has a fifty day moving average of $139.96 and a 200 day moving average of $141.66. The stock has a market capitalization of $5.08 billion, a PE ratio of 22.67, a P/E/G ratio of 1.34 and a beta of 0.70. Grand Canyon Education has a one year low of $118.48 and a one year high of $172.88.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.20% and a net margin of 22.09%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Research analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

Several large investors have recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new position in Grand Canyon Education in the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its position in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Grand Canyon Education in the 3rd quarter valued at about $60,000. Blue Trust Inc. lifted its holdings in shares of Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after purchasing an additional 533 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

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.