Bridgepoint Education CMO Sells $257,099 in Stock (BPI)
Bridgepoint Education (NYSE:BPI) CMO Ross Woodard unloaded 15,195 shares of Bridgepoint Education stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.92, for a total value of $257,099.40. Following the completion of the transaction, the chief marketing officer now directly owns 1,925 shares in the company, valued at approximately $32,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Bridgepoint Education from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 16th. They now have a $17.20 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 4th. They now have a $13.00 price target on the stock, up previously from $1.60. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.46.
Bridgepoint Education (NYSE:BPI) traded up 1.58% during mid-day trading on Tuesday, hitting $17.34. The stock had a trading volume of 473,712 shares. Bridgepoint Education has a 1-year low of $9.51 and a 1-year high of $20.33. The stock has a 50-day moving average of $17.74 and a 200-day moving average of $16.95. The company has a market cap of $946.3 million and a price-to-earnings ratio of 14.37.
Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.07. The company had revenue of $185.60 million for the quarter, compared to the consensus estimate of $190.45 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 26.4% on a year-over-year basis. Analysts expect that Bridgepoint Education will post $0.90 EPS for the current fiscal year.
Bridgepoint Education, Inc (NYSE:BPI) is a provider of postsecondary education services.
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