Apollo Group Director Sells $55,100 in Stock (APOL)
Apollo Group (NASDAQ:APOL) Director Darby Shupp sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $27.55, for a total value of $55,100.00. Following the transaction, the director now directly owns 19,136 shares in the company, valued at approximately $527,197. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Apollo Group (NASDAQ:APOL) traded down 2.45% during mid-day trading on Thursday, hitting $26.71. The stock had a trading volume of 5,653,507 shares. Apollo Group has a 52 week low of $15.98 and a 52 week high of $30.05. The stock has a 50-day moving average of $21.86 and a 200-day moving average of $19.83. The company has a market cap of $3.030 billion and a price-to-earnings ratio of 12.50.
Apollo Group (NASDAQ:APOL) last released its earnings data on Tuesday, October 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.06. The company had revenue of $845.00 million for the quarter, compared to the consensus estimate of $823.60 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. Analysts expect that Apollo Group will post $2.09 EPS for the current fiscal year.
A number of analysts have recently weighed in on APOL shares. Analysts at Compass Point raised their price target on shares of Apollo Group from $15.00 to $20.00 in a research note to investors on Thursday, October 24th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Apollo Group from $18.00 to $24.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Apollo Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 23rd. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.11.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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