Perdoceo Education (NASDAQ:PRDO) Hits New 52-Week High – Time to Buy?

Perdoceo Education Co. (NASDAQ:PRDO)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.33 and last traded at $29.17, with a volume of 77927 shares. The stock had previously closed at $24.87.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Perdoceo Education in a report on Friday, September 20th.

Perdoceo Education Price Performance

The stock has a market capitalization of $1.90 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. The business’s fifty day moving average price is $21.95 and its two-hundred day moving average price is $22.29.

Insiders Place Their Bets

In related news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.81% of the company’s stock.

Institutional Trading of Perdoceo Education

Several hedge funds have recently made changes to their positions in PRDO. Quarry LP lifted its holdings in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. grew its position in shares of Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after buying an additional 492 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Perdoceo Education in the 2nd quarter valued at $39,000. Fifth Third Bancorp grew its position in shares of Perdoceo Education by 650.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after buying an additional 1,633 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Perdoceo Education in the 2nd quarter valued at $74,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.