Bridgepoint Education Inc (BPI) Given Average Recommendation of “Buy” by Brokerages

Shares of Bridgepoint Education Inc (NYSE:BPI) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus price target of $11.75 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 33 out of 255 based on the ratings given to its competitors.

A number of research analysts have issued reports on BPI shares. Barrington Research restated a “buy” rating on shares of Bridgepoint Education in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 14th. Finally, ValuEngine upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

In other news, Director Robert D. Hartman sold 5,925 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $10.37, for a total transaction of $61,442.25. Following the completion of the transaction, the director now owns 66,871 shares of the company’s stock, valued at approximately $693,452.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 31.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PEAK6 Investments LLC increased its stake in shares of Bridgepoint Education by 34.3% during the 4th quarter. PEAK6 Investments LLC now owns 13,428 shares of the company’s stock valued at $94,000 after acquiring an additional 3,428 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Bridgepoint Education by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 197,004 shares of the company’s stock valued at $1,380,000 after acquiring an additional 4,819 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Bridgepoint Education by 36.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after acquiring an additional 7,232 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Bridgepoint Education by 19.3% during the 4th quarter. First Trust Advisors LP now owns 48,921 shares of the company’s stock valued at $343,000 after acquiring an additional 7,930 shares during the last quarter. Finally, Oberweis Asset Management Inc. increased its stake in shares of Bridgepoint Education by 5.3% during the 4th quarter. Oberweis Asset Management Inc. now owns 200,000 shares of the company’s stock valued at $1,402,000 after acquiring an additional 10,000 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

NYSE:BPI opened at $6.11 on Wednesday. The stock has a market capitalization of $166.01 million, a price-to-earnings ratio of 13.00, a PEG ratio of 2.34 and a beta of 2.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 1.83. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63.

Bridgepoint Education (NYSE:BPI) last released its earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.11). The firm had revenue of $94.71 million during the quarter, compared to analysts’ expectations of $102.20 million. Bridgepoint Education had a net margin of 2.32% and a return on equity of 12.26%. Analysts forecast that Bridgepoint Education will post 0.27 earnings per share for the current year.

About Bridgepoint Education

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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