Zacks: Bridgepoint Education Inc (BPI) Receives Average Recommendation of “Buy” from Brokerages

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

Brokers have set a one year consensus price objective of $14.00 for the company and are expecting that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 161 out of 257 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on BPI shares. ValuEngine raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Monday, July 30th. TheStreet raised Bridgepoint Education from a “c” rating to a “b-” rating in a research report on Friday, August 10th. Finally, Barrington Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Bridgepoint Education in a research report on Wednesday, September 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in BPI. Nantahala Capital Management LLC increased its holdings in Bridgepoint Education by 200.5% in the 2nd 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. BlackRock Inc. increased its holdings in Bridgepoint Education by 31.5% in the 1st 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. Acadian Asset Management LLC purchased a new stake in Bridgepoint Education in the 3rd quarter worth about $3,679,000. Putnam Investments LLC purchased a new stake in Bridgepoint Education in the 2nd quarter worth about $1,717,000. Finally, Renaissance Technologies LLC increased its holdings in Bridgepoint Education by 27.5% in the 2nd 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. 73.23% of the stock is owned by institutional investors.

Shares of Bridgepoint Education stock traded down $2.14 during trading hours on Monday, hitting $7.82. 1,004,566 shares of the company’s stock traded hands, compared to its average volume of 123,834. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63. The firm has a market cap of $265.02 million, a PE ratio of 13.25, a P/E/G ratio of 1.53 and a beta of 2.24.

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