Zacks Investment Research downgraded shares of Cambium Learning Group (NASDAQ:ABCD) from a hold rating to a sell rating in a report released on Tuesday.
According to Zacks, “Cambium Learning Group is an educational solutions and services company. The company is composed of four business units: Learning A-Z (www.learninga-z.com), Explore Learning (www.explorelearning.com), Kurzweil Education (www.kurzweiledu.com), and Voyager Sopris Learning (www.voyagersopris.com). “
A number of other equities analysts have also recently weighed in on ABCD. BidaskClub cut Cambium Learning Group from a buy rating to a hold rating in a report on Wednesday, August 8th. B. Riley cut Cambium Learning Group from a buy rating to a neutral rating and cut their price target for the stock from $15.50 to $15.00 in a report on Tuesday, October 16th.
Shares of ABCD stock opened at $14.46 on Tuesday. The firm has a market cap of $683.96 million, a P/E ratio of 60.25 and a beta of -0.85. Cambium Learning Group has a 1 year low of $5.19 and a 1 year high of $14.53.
Cambium Learning Group (NASDAQ:ABCD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a negative return on equity of 159.95% and a net margin of 26.87%. The company had revenue of $44.73 million during the quarter, compared to analyst estimates of $44.75 million. Analysts predict that Cambium Learning Group will post 0.38 EPS for the current year.
In other news, insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $14.47, for a total value of $72,350.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $72,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 72.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC acquired a new position in Cambium Learning Group in the third quarter valued at $125,000. Victory Capital Management Inc. acquired a new position in Cambium Learning Group in the third quarter valued at $189,000. Virtu Financial LLC acquired a new position in Cambium Learning Group in the third quarter valued at $210,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Cambium Learning Group in the third quarter valued at $258,000. Finally, First Trust Advisors LP acquired a new position in Cambium Learning Group in the third quarter valued at $263,000. Hedge funds and other institutional investors own 23.56% of the company’s stock.
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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