Insider Selling: John G. Sperling Unloads 120,000 Shares of Apollo Education Group Stock (APOL)
Apollo Education Group (NASDAQ:APOL) Insider John G. Sperling unloaded 120,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $26.65, for a total value of $3,198,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Apollo Education Group (NASDAQ:APOL) traded up 1.53% on Wednesday, hitting $27.15. 973,369 shares of the company’s stock traded hands. Apollo Education Group has a one year low of $18.10 and a one year high of $35.92. The stock has a 50-day moving average of $29.03 and a 200-day moving average of $30.10. The company has a market cap of $2.979 billion and a price-to-earnings ratio of 15.10.
Apollo Education Group (NASDAQ:APOL) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.07. The company had revenue of $799.90 million for the quarter, compared to the consensus estimate of $794.43 million. During the same quarter last year, the company posted $1.05 earnings per share. Apollo Education Group’s revenue was down 15.5% compared to the same quarter last year. Analysts expect that Apollo Education Group will post $2.34 EPS for the current fiscal year.
A number of research firms have recently commented on APOL. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apollo Education Group in a research note on Thursday, June 26th. They now have a $37.00 price target on the stock, down previously from $38.00. Separately, analysts at Compass Point raised their price target on shares of Apollo Education Group from $30.00 to $33.00 in a research note on Thursday, June 26th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Apollo Education Group from $28.00 to $30.00 in a research note on Thursday, June 26th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Apollo Education Group presently has an average rating of “Hold” and a consensus target price of $34.89.
Apollo Education Group, Inc offers educational programs and services, online and on-campus, at the undergraduate, master’s and doctoral levels.
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