Adtalem Global Education’s (ATGE) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a report issued on Wednesday morning, Benzinga reports. They currently have a $90.00 target price on the stock. Barrington Research also issued estimates for Adtalem Global Education’s Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.38 EPS, Q4 2025 earnings at $1.52 EPS and FY2026 earnings at $6.60 EPS.

Separately, Robert W. Baird lifted their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the company an outperform rating in a report on Friday, May 3rd.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE traded up $0.56 during midday trading on Wednesday, reaching $72.07. 365,472 shares of the company’s stock were exchanged, compared to its average volume of 509,678. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. The company’s 50 day simple moving average is $70.19 and its two-hundred day simple moving average is $59.01. Adtalem Global Education has a 12 month low of $41.79 and a 12 month high of $80.18. The firm has a market capitalization of $2.71 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. During the same quarter last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts expect that Adtalem Global Education will post 4.9 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 946 shares of Adtalem Global Education stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total value of $62,199.50. Following the completion of the transaction, the chief accounting officer now directly owns 6,040 shares of the company’s stock, valued at $397,130. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently modified their holdings of the stock. Covestor Ltd raised its position in Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after purchasing an additional 743 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Adtalem Global Education during the first quarter valued at $53,000. Headlands Technologies LLC bought a new position in Adtalem Global Education in the first quarter valued at about $56,000. Finally, Daiwa Securities Group Inc. increased its position in Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after purchasing an additional 210 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.