Why Bridgepoint Education (BPI) Stock Is Tanking On Monday

NEW YORK (TheStreet) -- Shares of Bridgepoint Education Inc. (BPI) are down -7.66% to $14.70 on Monday after the company reported a -$4.4 million net loss for the 2014 first quarter, compared to $23.5 million in net income from the previous year.

In its preliminary first quarter report, the post-secondary education services provider announced a loss of -10 cents per share for the most recent quarter versus earnings of 43 cents per share from the same period last year.

Bridgepoint reported a decline in revenue to $160.5 million from $222 million for the 2013 first quarter.

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TheStreet Ratings team rates BRIDGEPOINT EDUCATION INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate BRIDGEPOINT EDUCATION INC (BPI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow."

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