The firm said it changed its rating on the post-secondary education services company following weaker than expected 2014 first quarter results.
"We do not think BPI is a "buy," we just no longer think it is a sell. Our hold rating reflects low relative EV/student valuation offset by recent operating losses and accounting issues," Deutsche Bank said.
Separately, 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."