Bridgepoint Education Inc (BPI) Given $14.00 Average Target Price by Analysts

Shares of Bridgepoint Education Inc (NYSE:BPI) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 12 month consensus target price of $14.00 for the company and are expecting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgepoint Education an industry rank of 161 out of 257 based on the ratings given to its competitors.

A number of research analysts have recently commented on the stock. TheStreet raised shares of Bridgepoint Education from a “c” rating to a “b-” rating in a report on Friday, August 10th. ValuEngine raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barrington Research reissued a “buy” rating and issued a $15.00 target price on shares of Bridgepoint Education in a report on Wednesday, September 12th.

Shares of BPI stock traded down $2.14 on Monday, hitting $7.82. The company’s stock had a trading volume of 1,004,566 shares, compared to its average volume of 123,834. Bridgepoint Education has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The company has a market capitalization of $265.02 million, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.53 and a beta of 2.24.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The business had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. During the same period in the prior year, the company posted $0.25 earnings per share. Bridgepoint Education’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Bridgepoint Education will post 0.64 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Nantahala Capital Management LLC lifted its holdings in shares of Bridgepoint Education by 200.5% in the second quarter. Nantahala Capital Management LLC now owns 2,126,338 shares of the company’s stock worth $13,885,000 after acquiring an additional 1,418,699 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bridgepoint Education by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,124,741 shares of the company’s stock worth $13,875,000 after acquiring an additional 128,602 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Bridgepoint Education by 31.5% in the first quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock worth $10,682,000 after acquiring an additional 380,124 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bridgepoint Education by 27.5% in the second quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock worth $7,147,000 after acquiring an additional 236,400 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Bridgepoint Education by 1.3% in the second quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock worth $3,977,000 after acquiring an additional 7,855 shares during the last quarter. 73.23% of the stock is owned by hedge funds and other institutional investors.

Bridgepoint Education Company Profile

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

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