Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price target of $15.50 for the company and are predicting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Cambium Learning Group an industry rank of 121 out of 255 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Cambium Learning Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub raised shares of Cambium Learning Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 24th. Finally, ValuEngine raised shares of Cambium Learning Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
Cambium Learning Group (NASDAQ:ABCD) last released its quarterly earnings results on Monday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Cambium Learning Group had a negative return on equity of 48.67% and a net margin of 28.42%. The firm had revenue of $36.61 million for the quarter, compared to analyst estimates of $37.55 million. analysts anticipate that Cambium Learning Group will post 0.39 earnings per share for the current year.
In other Cambium Learning Group news, insider Paul Fonte sold 5,000 shares of Cambium Learning Group stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $10.02, for a total value of $50,100.00. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $50,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 72.20% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in ABCD. Wasatch Advisors Inc. acquired a new position in Cambium Learning Group in the 1st quarter worth $7,044,000. Buckhead Capital Management LLC acquired a new stake in shares of Cambium Learning Group in the 1st quarter valued at about $120,000. Geode Capital Management LLC raised its stake in shares of Cambium Learning Group by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 121,603 shares of the company’s stock valued at $689,000 after purchasing an additional 7,343 shares in the last quarter. Millennium Management LLC raised its stake in shares of Cambium Learning Group by 112.0% in the 4th quarter. Millennium Management LLC now owns 63,872 shares of the company’s stock valued at $363,000 after purchasing an additional 33,739 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Cambium Learning Group by 53.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,600 shares of the company’s stock valued at $310,000 after purchasing an additional 9,600 shares in the last quarter. 17.60% of the stock is owned by hedge funds and other 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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