B. Riley set a $15.00 target price on Cambium Learning Group (NASDAQ:ABCD) in a research report released on Friday morning. The firm currently has a hold rating on the stock. B. Riley also issued estimates for Cambium Learning Group’s Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.38 EPS and Q1 2019 earnings at $0.08 EPS.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Cambium Learning Group from a hold rating to a buy rating and set a $14.00 price objective on the stock in a report on Thursday, August 16th. BidaskClub lowered shares of Cambium Learning Group from a sell rating to a strong sell rating in a report on Thursday, October 4th.
Shares of NASDAQ ABCD opened at $14.44 on Friday. Cambium Learning Group has a 1-year low of $5.19 and a 1-year high of $14.53. The stock has a market cap of $682.87 million, a PE ratio of 33.58 and a beta of -0.82.
Cambium Learning Group (NASDAQ:ABCD) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a net margin of 26.87% and a negative return on equity of 159.87%. Sell-side analysts forecast that Cambium Learning Group will post 0.38 EPS for the current fiscal year.
In other news, insider Paul Fonte sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $13.22, for a total transaction of $66,100.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at $66,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 71.00% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of ABCD. The Manufacturers Life Insurance Company increased its position in shares of Cambium Learning Group by 397.8% during the first quarter. The Manufacturers Life Insurance Company now owns 13,888 shares of the company’s stock worth $156,000 after acquiring an additional 11,098 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Cambium Learning Group during the third quarter worth about $189,000. First Trust Advisors LP bought a new stake in shares of Cambium Learning Group during the third quarter worth about $263,000. Schwab Charles Investment Management Inc. increased its position in shares of Cambium Learning Group by 53.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 27,600 shares of the company’s stock worth $310,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Swiss National Bank bought a new stake in shares of Cambium Learning Group during the second quarter worth about $319,000. 21.98% of the stock is owned by institutional investors.
Cambium Learning Group Company Profile
Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.
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