Insider Selling: DeVry Education Group Insider Unloads 3,765 Shares of Stock (DV)
DeVry Education Group (NYSE:DV) Insider Steven Riehs unloaded 3,765 shares of DeVry Education Group stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $42.84, for a total value of $161,292.60. Following the completion of the sale, the insider now directly owns 22,314 shares of the company’s stock, valued at approximately $955,932. The transaction was disclosed in a document filed with the SEC, which is available at this link.
DeVry Education Group (NYSE:DV) traded down 0.96% during mid-day trading on Thursday, hitting $42.34. 123,155 shares of the company’s stock traded hands. DeVry Education Group has a one year low of $29.07 and a one year high of $47.73. The stock has a 50-day moving average of $41.88 and a 200-day moving average of $41.7. The company has a market cap of $2.694 billion and a price-to-earnings ratio of 20.65.
DeVry Education Group (NYSE:DV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $485.10 million for the quarter, compared to the consensus estimate of $487.50 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that DeVry Education Group will post $2.80 EPS for the current fiscal year.
A number of analysts have recently weighed in on DV shares. Analysts at Barclays reiterated an “equal weight” rating on shares of DeVry Education Group in a research note on Friday, August 22nd. They now have a $48.00 price target on the stock, down previously from $50.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of DeVry Education Group in a research note on Friday, August 8th. They now have a $43.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of DeVry Education Group from $48.00 to $49.00 in a research note on Friday, August 8th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.88.
DeVry Education Group Inc , formerly DeVry Inc, is a provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine.
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