Bridgepoint Education, Inc. (NYSE:BPI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, September 5th.
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 equities analysts have also issued research reports about the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.00 price target on shares of Bridgepoint Education in a research note on Friday, July 21st. BidaskClub lowered Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.00.
Bridgepoint Education (BPI) opened at 9.15 on Tuesday. Bridgepoint Education has a 52 week low of $6.34 and a 52 week high of $15.85. The company’s market capitalization is $266.16 million. The firm has a 50-day moving average of $9.19 and a 200-day moving average of $11.79.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $127.00 million. During the same period last year, the company earned $0.12 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. Analysts anticipate that Bridgepoint Education will post $0.64 EPS for the current fiscal year.
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In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 2,075,395 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $9.00, for a total value of $18,678,555.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the completion of the transaction, the chief executive officer now directly owns 146,806 shares in the company, valued at approximately $1,296,296.98. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC bought a new stake in shares of Bridgepoint Education in the second quarter worth about $152,000. American International Group Inc. increased its holdings in shares of Bridgepoint Education by 7.1% in the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after acquiring an additional 728 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of Bridgepoint Education by 45.1% in the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock worth $118,000 after acquiring an additional 3,440 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Bridgepoint Education in the fourth quarter worth about $118,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Bridgepoint Education in the second quarter worth about $176,000. Institutional investors own 92.80% of the company’s stock.
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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