K12 Inc. (NYSE:LRN) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.67.
Several research firms have recently issued reports on LRN. Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of K12 in a report on Thursday, June 13th. TheStreet downgraded K12 from a “b” rating to a “c+” rating in a research report on Tuesday, August 13th. ValuEngine raised K12 from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets lowered their price target on K12 to $33.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Zacks Investment Research upgraded K12 from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, August 9th.
A number of large investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. purchased a new stake in shares of K12 during the 2nd quarter valued at $28,000. Meeder Asset Management Inc. raised its position in shares of K12 by 262.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $43,000 after buying an additional 1,038 shares during the period. FinTrust Capital Advisors LLC acquired a new position in K12 in the second quarter valued at $61,000. Tower Research Capital LLC TRC boosted its holdings in K12 by 56.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,140 shares of the company’s stock valued at $65,000 after acquiring an additional 775 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in K12 by 507.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,356 shares of the company’s stock valued at $71,000 after acquiring an additional 1,968 shares during the period. 87.98% of the stock is currently owned by institutional investors.
NYSE:LRN traded up $1.57 on Friday, reaching $28.47. The stock had a trading volume of 371,400 shares, compared to its average volume of 308,047. K12 has a 12-month low of $16.19 and a 12-month high of $37.43. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.91 and a beta of 0.19. The firm’s fifty day moving average is $28.23 and its two-hundred day moving average is $31.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.40 and a quick ratio of 3.21.
K12 (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.05. K12 had a net margin of 3.66% and a return on equity of 6.11%. The firm had revenue of $256.31 million during the quarter, compared to analysts’ expectations of $248.43 million. During the same period in the previous year, the company earned $0.23 EPS. K12’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts forecast that K12 will post 0.95 earnings per share for the current fiscal year.
K12 Company Profile
K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.
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