Why American Public Education Shares Are Soaring Today
Portfolio Pulse from Shivani Kumaresan
American Public Education Inc (NASDAQ:APEI) shares surged after B.Riley Securities analyst Raj Sharma upgraded the price target from $12 to $15, following Q4/FY23 results that exceeded expectations. The company reported a 4Q revenue of $152.8 million and adjusted EBITDA of $25.7 million, surpassing the Street's view. Enrollment trends varied across its divisions, with APUS and HCN showing positive momentum, while RU faced a decline. Analysts from Barrington Research and Truist Securities also raised their price targets to $15, contributing to a 34.78% increase in APEI shares to $15.32.
March 06, 2024 | 6:39 pm
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American Public Education Inc's stock surged following a positive earnings report for Q4/FY23 and upgraded price targets from analysts, indicating strong financial performance and positive enrollment trends in some divisions.
The significant increase in APEI's stock price is directly attributed to the company's Q4/FY23 earnings surpassing expectations and the subsequent upgrades in price targets by analysts. The positive financial results and the optimistic outlook on enrollment trends, especially in APUS and HCN divisions, have likely bolstered investor confidence, leading to a bullish short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100