Apollo Group (NASDAQ:APOL) saw unusually large options trading activity on Wednesday. Stock investors bought 7,179 put options on the company, AnalystRatings.Net reports. This represents an increase of approximately 386% compared to the typical daily volume of 1,476 put options.
APOL has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Apollo Group (NASDAQ:APOL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apollo Group (NASDAQ:APOL) in a research note to investors on Friday, July 26th. They now have a $19.00 price target on the stock. Finally, analysts at Barclays Capital downgraded shares of Apollo Group (NASDAQ:APOL) from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, July 12th. They now have a $20.00 price target on the stock, down previously from $23.00.
One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.75.
Shares of Apollo Group (NASDAQ:APOL) traded up 1.35% on Wednesday, hitting $21.07. The stock had a trading volume of 1,800,045 shares. Apollo Group has a one year low of $15.98 and a one year high of $30.05. The stock has a 50-day moving average of $19.17 and a 200-day moving average of $18.64. The company has a market cap of $2.377 billion and a P/E ratio of 7.74.
Apollo Group (NASDAQ:APOL) last released its earnings data on Tuesday, June 25th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.20. The company had revenue of $946.80 million for the quarter, compared to the consensus estimate of $965.07 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Apollo Group will post $2.85 EPS for the current fiscal year.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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