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

Shares of K12 Inc. (NYSE:LRN) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.00.

LRN has been the topic of a number of analyst reports. Barrington Research reissued a “buy” rating and issued a $40.00 price target (up from $30.00) on shares of K12 in a research report on Friday, April 12th. Zacks Investment Research lowered shares of K12 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine upgraded shares of K12 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Sidoti initiated 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.

LRN traded down $0.94 during midday trading on Friday, reaching $36.06. 2,866 shares of the company were exchanged, compared to its average volume of 251,616. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.01. K12 has a one year low of $13.57 and a one year high of $37.43. The stock has a market cap of $1.48 billion, a P/E ratio of 53.01, a price-to-earnings-growth ratio of 3.14 and a beta of 0.16.

K12 (NYSE:LRN) last issued its earnings results on Tuesday, January 22nd. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $254.90 million during the quarter, compared to the consensus estimate of $250.80 million. K12 had a return on equity of 6.40% and a net margin of 3.87%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. As a group, equities analysts forecast that K12 will post 0.79 EPS for the current year.

In other news, insider Kevin Chavous sold 4,000 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $31.07, for a total value of $124,280.00. Following the completion of the sale, the insider now directly owns 85,221 shares in the company, valued at approximately $2,647,816.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nathaniel A. Davis sold 4,300 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $26.00, for a total value of $111,800.00. Following the completion of the sale, the chief executive officer now owns 214,778 shares of the company’s stock, valued at $5,584,228. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,300 shares of company stock valued at $3,142,080. Company insiders own 7.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. United Services Automobile Association boosted its holdings in shares of K12 by 38.1% during the 4th quarter. United Services Automobile Association now owns 141,880 shares of the company’s stock valued at $3,517,000 after purchasing an additional 39,143 shares during the last quarter. Two Sigma Advisers LP increased its holdings in K12 by 10.5% during the fourth quarter. Two Sigma Advisers LP now owns 197,968 shares of the company’s stock valued at $4,908,000 after buying an additional 18,800 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in K12 during the fourth quarter valued at approximately $848,000. BlackRock Inc. increased its holdings in K12 by 2.5% during the third quarter. BlackRock Inc. now owns 2,688,859 shares of the company’s stock valued at $47,594,000 after buying an additional 66,024 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in K12 during the third quarter valued at approximately $260,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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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