Perdoceo Education Corporation’s latest rating changes from various analysts


Perdoceo Education Corporation’s recently made public that its Executive Chairman NELSON TODD S unloaded Company’s shares for reported $0.15 million on Aug 25. In the deal valued at $16.13 per share,9,154 shares were sold. As a result of this transaction, NELSON TODD S now holds 685,098 shares worth roughly $ 11.91 million.

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Then, NELSON TODD S sold 16,000 shares, generating $258,080 in total proceeds. Upon selling the shares at $16.13, the Executive Chairman now owns 694,252 shares.

Before that, NELSON TODD S sold 16,000 shares. Perdoceo Education Corporation shares valued at $257,280 were divested by the Executive Chairman at a price of $16.08 per share. As a result of the transaction, NELSON TODD S now holds 710,252 shares, worth roughly $12.35 million.

Price Performance Review of PRDO

On Friday, Perdoceo Education Corporation [NASDAQ:PRDO] saw its stock jump 4.95% to $17.39. On the same session, the stock had its day’s lowest price of $16.57, but rose to a high of $17.49. Over the last five days, the stock has gained 6.43%. Perdoceo Education Corporation shares have risen nearly 25.11% since the year began. Nevertheless, the stocks have risen 50.17% over the past one year. While a 52-week high of $17.06 was reached on 09/01/23, a 52-week low of $9.97 was recorded on 05/05/23. SMA at 50 days reached $14.29, while 200 days put it at $13.70. A total of 0.59 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For PRDO Stock

The 24-hour chart illustrates a support level at 16.81, which if violated will result in even more drops to 16.23. On the upside, there is a resistance level at 17.73. A further resistance level may holdings at 18.07. The Relative Strength Index (RSI) on the 14-day chart is 79.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.88%. Stochastics %K at 70.19% indicates the stock is a holding.

How much short interest is there in Perdoceo Education Corporation?

A steep rise in short interest was recorded in Perdoceo Education Corporation stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.02 million shares. There was a decline of -4.12%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.1.

Perdoceo Education Corporation [PRDO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,182,641 shares, or roughly 15.09% of the outstanding PRDO shares. In other words, the investor’s shares have fallen by -139,485 from its previous 13-F filing of 10322126.0. Additionally, The Vanguard Group, Inc. increased 0.81% of its stake after which the total value it holdings stand at $74,614,352, while Dimensional Fund Advisors LP added 3.75% of its stake to hold $66.19 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 54,000 shares of Perdoceo Education Corporation, while SSgA Funds Management, Inc. bought -188,283 shares. At present, Frontier Capital Management Co. L is holding 2,113,850 shares valued at $28.22 million. Geode Capital Management LLC owned 1,487,472 shares of the company at the time of its most recent 13F filing, worth $19.86 million.

According to FactSet, Perdoceo Education Corporation’s share price will average $21.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.74 percent from its previous closing price of $16.57. Analysts expect Perdoceo Education Corporation stock to reach the higher price of $21.00, while the lowest price estimate is $21.00. However, 1 analyst have rated PRDO stock as a Buy in their predictions for 2023.


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