Analysts’ Recent Ratings Changes for Grand Canyon Education (LOPE)

Grand Canyon Education (NASDAQ: LOPE) recently received a number of ratings updates from brokerages and research firms:

• 11/7/2024 – Grand Canyon Education had its price target raised by analysts at Robert W. Baird from $170.00 to $186.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Grand Canyon Education had its price target raised by analysts at BMO Capital Markets from $152.00 to $173.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Grand Canyon Education had its price target raised by analysts at Barrington Research from $165.00 to $180.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Grand Canyon Education was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/9/2024 – Grand Canyon Education was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/1/2024 – Grand Canyon Education was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/20/2024 – Grand Canyon Education had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $165.00 price target on the stock.
• 9/17/2024 – Grand Canyon Education was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Grand Canyon Education Stock Performance

Shares of LOPE traded down $3.72 during mid-day trading on Monday, hitting $168.80. 99,136 shares of the company were exchanged, compared to its average volume of 180,624. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The company has a 50 day moving average of $139.96 and a 200-day moving average of $141.84. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Research analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

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

Institutional Trading of Grand Canyon Education

Several hedge funds have recently made changes to their positions in the company. Wealth Alliance boosted its position in Grand Canyon Education by 3.8% in the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after buying an additional 89 shares during the period. NBC Securities Inc. boosted its position in Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after buying an additional 96 shares during the period. Capital Insight Partners LLC raised its holdings in shares of Grand Canyon Education by 2.5% in the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group LTD raised its holdings in shares of Grand Canyon Education by 4.3% in the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock valued at $670,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

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.