Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Cambium Learning Group’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 12-month consensus price objective of $14.50 for the company and are forecasting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Cambium Learning Group an industry rank of 98 out of 257 based on the ratings given to related companies.
Several equities research analysts have commented on ABCD shares. BidaskClub downgraded Cambium Learning Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised Cambium Learning Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, August 16th. Finally, B. Riley set a $15.00 target price on Cambium Learning Group and gave the stock a “hold” rating in a report on Friday, November 2nd.
Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Cambium Learning Group by 11.1% in the third quarter. Renaissance Technologies LLC now owns 1,678,500 shares of the company’s stock worth $19,873,000 after purchasing an additional 168,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cambium Learning Group by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,525,305 shares of the company’s stock worth $18,059,000 after purchasing an additional 15,084 shares during the last quarter. BlackRock Inc. raised its stake in shares of Cambium Learning Group by 0.6% in the third quarter. BlackRock Inc. now owns 753,767 shares of the company’s stock worth $8,925,000 after purchasing an additional 4,822 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Cambium Learning Group by 8.1% in the second quarter. Wasatch Advisors Inc. now owns 679,561 shares of the company’s stock worth $7,577,000 after purchasing an additional 50,676 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Cambium Learning Group by 481.3% in the third quarter. AQR Capital Management LLC now owns 459,600 shares of the company’s stock worth $5,441,000 after purchasing an additional 380,530 shares during the last quarter. 23.34% of the stock is currently owned by institutional investors and hedge funds.
Cambium Learning Group stock traded up $0.01 during mid-day trading on Monday, hitting $14.42. The company had a trading volume of 208,820 shares, compared to its average volume of 228,670. Cambium Learning Group has a 12 month low of $5.19 and a 12 month high of $14.53. The company has a market capitalization of $681.60 million, a price-to-earnings ratio of 33.53 and a beta of -0.82.
Cambium Learning Group (NASDAQ:ABCD) last released its earnings results on Thursday, November 1st. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a negative return on equity of 159.95% and a net margin of 26.87%. On average, equities analysts expect that Cambium Learning Group will post 0.38 EPS for the current fiscal year.
Cambium Learning Group Company Profile
Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.
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