K12 (NYSE:LRN) Given a $40.00 Price Target at Barrington Research

Barrington Research set a $40.00 target price on K12 (NYSE:LRN) in a report published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock. Barrington Research also issued estimates for K12’s Q1 2020 earnings at ($0.16) EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.43 EPS and FY2021 earnings at $1.05 EPS.

Several other research firms have also recently commented on LRN. William Blair assumed coverage on K12 in a report on Monday, August 12th. They issued an outperform rating for the company. Sidoti raised K12 from a neutral rating to a buy rating in a report on Wednesday, August 7th. TheStreet cut K12 from a b rating to a c+ rating in a report on Tuesday, August 13th. BMO Capital Markets cut their price target on K12 to $33.00 and set an outperform rating for the company in a report on Thursday, August 8th. Finally, ValuEngine lowered K12 from a hold rating to a sell rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $33.25.

K12 stock traded up $0.40 during trading hours on Wednesday, hitting $25.70. The stock had a trading volume of 184,486 shares, compared to its average volume of 304,274. The company has a 50-day moving average of $27.07 and a two-hundred day moving average of $30.38. The company has a quick ratio of 3.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.03 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.80 and a beta of 0.14. K12 has a fifty-two week low of $16.19 and a fifty-two week high of $37.43.

K12 (NYSE:LRN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $256.31 million during the quarter, compared to analysts’ expectations of $248.43 million. K12 had a return on equity of 6.11% and a net margin of 3.66%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, analysts forecast that K12 will post 0.95 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. bought a new stake in shares of K12 in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. grew its stake 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 valued at $43,000 after purchasing an additional 1,038 shares during the period. Atria Investments LLC bought a new stake in shares of K12 in the 2nd quarter valued at approximately $200,000. FinTrust Capital Advisors LLC bought a new stake in shares of K12 in the 2nd quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of K12 by 56.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,140 shares of the company’s stock valued at $65,000 after purchasing an additional 775 shares during the period. Institutional investors own 87.93% of the company’s stock.

About K12

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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