K12 Inc. (LRN) Receives $26.67 Consensus Target Price from Analysts

Shares of K12 Inc. (NYSE:LRN) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.00.

A number of research firms have recently commented on LRN. Zacks Investment Research cut shares of K12 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Barrington Research reissued a “buy” rating and set a $40.00 target price (up previously from $30.00) on shares of K12 in a research note on Friday, April 12th. ValuEngine raised shares of K12 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Sidoti began coverage on shares of K12 in a research note on Wednesday, January 2nd. They set a “neutral” rating and a $29.00 target price for the company.

In related news, Chairman Nathaniel A. Davis sold 100,000 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $29.06, for a total transaction of $2,906,000.00. Following the transaction, the chairman now directly owns 214,778 shares in the company, valued at $6,241,448.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Chavous sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $31.07, for a total transaction of $124,280.00. Following the transaction, the insider now owns 85,221 shares in the company, valued at $2,647,816.47. The disclosure for this sale can be found here. Insiders have sold 108,300 shares of company stock valued at $3,142,080 in the last three months. Corporate insiders own 7.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in K12 by 56.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,088,027 shares of the company’s stock valued at $19,257,000 after purchasing an additional 390,417 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of K12 by 31.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,065,421 shares of the company’s stock worth $26,412,000 after acquiring an additional 257,037 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of K12 by 130.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 405,095 shares of the company’s stock worth $7,171,000 after acquiring an additional 229,295 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of K12 by 51.3% in the 4th quarter. Principal Financial Group Inc. now owns 658,070 shares of the company’s stock worth $16,314,000 after acquiring an additional 223,227 shares during the last quarter. Finally, SG Capital Management LLC acquired a new position in shares of K12 in the 1st quarter worth approximately $6,751,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

LRN traded down $0.94 on Friday, reaching $36.06. The stock had a trading volume of 2,866 shares, compared to its average volume of 251,616. K12 has a 12-month low of $13.57 and a 12-month high of $37.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.38 and a current ratio of 3.50. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 3.14 and a beta of 0.16.

K12 (NYSE:LRN) last released its quarterly earnings data on Tuesday, January 22nd. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. K12 had a net margin of 3.87% and a return on equity of 6.40%. The company had revenue of $254.90 million during the quarter, compared to analysts’ expectations of $250.80 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that K12 will post 0.79 earnings per share for the current year.

About K12

K12, Inc engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade.

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