Covista (CVSA)
Runs nursing, online graduate, medical, and veterinary schools for the U.S. healthcare workforce.
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Runs five accredited postsecondary institutions spanning nursing, online graduate education, medicine, and veterinary medicine. Earns tuition and fees through Chamberlain, Walden, and Medical and Veterinary segments, with most revenue tied to U.S. federal student aid and operations dependent on accreditation and regulatory approvals.
Operates five accredited postsecondary institutions. Chamberlain University offers nursing and health-professions programs through U.S. campuses and online delivery, while Walden University delivers online programs in healthcare, education, business, psychology, and social work. American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine provide medical and veterinary education centered on Caribbean campuses and clinical training networks.
Revenue comes chiefly from tuition and fees, with most funding ultimately tied to U.S. federal student-aid programs. Recent enrollment growth has spanned its operating segments; management is adding nursing-campus capacity and employer partnerships. Each institution's ability to enroll students and award credentials depends on accreditation, state authorization, program outcomes, and continued Title IV eligibility.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Truist Securities | Downgrade | ||
| Aug 7, 2026 | Barrington | Target | Target: — | Target: $175 |
| May 11, 2026 | Truist Financial | Target | Target: — | Target: $140 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $406.3M · Total debt $905.5M · Total assets $3.01B · Shareholders' equity $1.45B
- Revenue
- $501.4M
- Operating income
- $96.5M
- Net income
- $71.7M
No dividends on record.
| Insiders | 2.34% | 796.8K shares | |
|---|---|---|---|
| 9 holders · as of Sep 1, 2026 | |||
| Other | 97.66% | 33.23M shares | |
| remainder | |||
34.03M company shares as of Aug 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Stephen W. BeardInsiderofficer: Chairman & CEO | 1.40% | 477,464 | filed Aug 25, 2026 |
Michael W. MalafronteInsiderdirector, other: Lead Independent Director | 0.40% | 136,100 | filed Sep 1, 2026 |
Robert J. PhelanInsiderofficer: Chief Financial Officer | 0.17% | 56,571 | filed Aug 25, 2026 |
Michael BetzInsiderofficer: Pres. Walden University & CDO | 0.12% | 39,172 | filed Aug 25, 2026 |
Douglas G. BeckInsiderofficer: SVP, GC, Corp. Sec & ISS | 0.10% | 33,394 | filed Aug 25, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Manjunath Gangadharan | officer: VP, Chief Accounting Officer | −1,802 | $137.18 |
| Aug 11, 2026 | Stephen W. Beard | officer: Chairman & CEO | −3,545 | $130.35 |
| Aug 7, 2026 | Douglas G. Beck | officer: SVP, GC, Corp. Sec & ISS | −4,526 | $135.81 |
| Aug 7, 2026 | Robert J. Phelan | officer: Chief Financial Officer | −2,186 | $135.15 |
| Jul 13, 2026 | Stephen W. Beard | officer: Chairman & CEO | −5,291 | $132.75 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Covista | $124.00 | −1.42% | $4.28B | 16.8 | 13.7 | 2.2 | +9.7% |
| Grand Canyon Education | $149.61 | −0.63% | $3.92B | 18.2 | 14.0 | 3.4 | +6.7% |
| Strategic Education | $78.64 | +0.14% | $1.79B | 13.1 | 9.7 | 1.4 | +2.7% |
| American Public Education | $42.31 | −2.58% | $796.7M | 17.9 | 16.5 | 1.2 | +5.5% |
| Phoenix Education Partners | $26.30 | −0.53% | $953.1M | 12.1 | 5.7 | 0.9 | +0.0% |
| Perdoceo Education | $32.14 | −0.60% | $2.03B | 11.8 | — | 2.4 | +1.8% |
| Coursera | $5.16 | −0.10% | $947.5M | — | 6.6 | 1.1 | +59.6% |
| Median | 13.1 | 9.7 | 1.3 | +4.1% |








