Bridgepoint Education CAO Sells $58,814 in Stock (BPI)
Bridgepoint Education (NYSE:BPI) CAO Brandon Pope sold 3,384 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $17.38, for a total value of $58,813.92. Following the sale, the chief accounting officer now directly owns 491 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on BPI. Analysts at First Analysis upgraded shares of Bridgepoint Education (NYSE:BPI) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. They now have a $20.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Bridgepoint Education (NYSE:BPI) in a research note to investors on Friday, July 12th. They now have a $16.00 price target on the stock, up previously from $12.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bridgepoint Education (NYSE:BPI) in a research note to investors on Friday, July 12th. They now have a $13.00 price target on the stock, up previously from $9.00.
Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bridgepoint Education presently has a consensus rating of “Hold” and a consensus target price of $12.83.
Shares of Bridgepoint Education (NYSE:BPI) traded up 0.23% during mid-day trading on Wednesday, hitting $17.47. The stock had a trading volume of 368,554 shares. Bridgepoint Education has a 52 week low of $8.51 and a 52 week high of $17.75. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $12.82. The company has a market cap of $946.7 million and a price-to-earnings ratio of 11.33.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $197.60 million for the quarter, compared to the consensus estimate of $200.16 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 22.9% on a year-over-year basis. On average, analysts predict that Bridgepoint Education will post $1.05 earnings per share for the current fiscal year.
Bridgepoint Education, Inc (NYSE:BPI) is a provider of postsecondary education services.
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