Bridgepoint Education Inc. (NYSE:BPI) dropped 3.4% on Wednesday . The stock traded as low as $6.98 and last traded at $7.03, with a volume of 55,693 shares. The stock had previously closed at $7.28.

BPI has been the subject of several recent analyst reports. Zacks Investment Research cut Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. TheStreet upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th.

The company’s market capitalization is $325.42 million. The stock has a 50-day moving average of $7.41 and a 200 day moving average of $8.02.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business earned $133 million during the quarter, compared to analysts’ expectations of $127.66 million. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts predict that Bridgepoint Education Inc. will post $0.18 EPS for the current fiscal year.

An institutional investor recently raised its position in Bridgepoint Education stock. Dimensional Fund Advisors LP raised its position in shares of Bridgepoint Education Inc. (NYSE:BPI) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,384,522 shares of the company’s stock after buying an additional 63,518 shares during the period. Dimensional Fund Advisors LP owned about 3.02% of Bridgepoint Education worth $10,537,000 as of its most recent filing with the SEC.

Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively.

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