Grand Canyon Education Inc. (NASDAQ:LOPE)’s share price dropped 1% during trading on Monday . The company traded as low as $41.38 and last traded at $41.54, with a volume of 242,932 shares traded. The stock had previously closed at $41.95.

LOPE has been the subject of a number of research analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of Grand Canyon Education in a report on Tuesday, May 10th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, July 6th. Finally, Piper Jaffray Cos. upped their target price on Grand Canyon Education from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $49.67.

The stock has a 50-day moving average price of $42.32 and a 200 day moving average price of $41.54. The stock has a market capitalization of $1.93 billion and a price-to-earnings ratio of 13.82.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. The firm earned $191.30 million during the quarter, compared to analysts’ expectations of $189.09 million. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Equities analysts forecast that Grand Canyon Education Inc. will post $3.08 earnings per share for the current year.

In other Grand Canyon Education news, CFO Daniel E. Bachus sold 17,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $43.31, for a total value of $757,925.00. Following the completion of the sale, the chief financial officer now directly owns 126,360 shares of the company’s stock, valued at $5,472,651.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 22,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $43.36, for a total value of $953,920.00. Following the completion of the sale, the insider now directly owns 123,514 shares of the company’s stock, valued at $5,355,567.04. The disclosure for this sale can be found here.

Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.

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