Investment Analysts’ Weekly Ratings Updates for K12 (LRN)

A number of firms have modified their ratings and price targets on shares of K12 (NYSE: LRN) recently:

  • 10/10/2019 – K12 was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/9/2019 – K12 was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background. “
  • 10/9/2019 – K12 was given a new $40.00 price target on by analysts at Barrington Research. They now have a “buy” rating on the stock.
  • 10/2/2019 – K12 was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/4/2019 – K12 was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

NYSE LRN opened at $24.75 on Monday. The company has a market capitalization of $1.01 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.14. K12 Inc. has a 1-year low of $16.67 and a 1-year high of $37.43. The firm’s fifty day simple moving average is $26.67 and its 200-day simple moving average is $30.06. The company has a current ratio of 3.40, a quick ratio of 3.21 and a debt-to-equity ratio of 0.01.

K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 3.66% and a return on equity of 6.11%. K12’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, analysts predict that K12 Inc. will post 0.95 EPS for the current year.

Large investors have recently modified their holdings of the stock. USA Financial Portformulas Corp boosted its holdings in K12 by 8.2% during the second quarter. USA Financial Portformulas Corp now owns 5,842 shares of the company’s stock valued at $199,000 after acquiring an additional 441 shares during the period. First Trust Advisors LP boosted its holdings in K12 by 0.9% during the first quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock valued at $2,334,000 after acquiring an additional 578 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in K12 by 2.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 28,590 shares of the company’s stock valued at $869,000 after acquiring an additional 620 shares during the period. Tower Research Capital LLC TRC boosted its holdings in K12 by 56.8% during 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 period. Finally, Alpha Windward LLC boosted its holdings in K12 by 5.4% during the third quarter. Alpha Windward LLC now owns 15,300 shares of the company’s stock valued at $404,000 after acquiring an additional 780 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.

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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