K12 (NYSE:LRN) Receives “Buy” Rating from Barrington Research

K12 (NYSE:LRN)‘s stock had its “buy” rating reissued by research analysts at Barrington Research in a research report issued on Thursday, AnalystRatings.com reports. They presently have a $40.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 30.04% from the company’s current price.

Separately, Zacks Investment Research raised shares of K12 from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.50.

LRN stock opened at $30.76 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.51 and a quick ratio of 3.39. K12 has a one year low of $16.07 and a one year high of $37.43. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 2.47 and a beta of 0.10.

K12 (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. K12 had a net margin of 4.33% and a return on equity of 7.23%. The business had revenue of $253.25 million during the quarter, compared to analysts’ expectations of $252.49 million. During the same quarter in the previous year, the company earned $0.32 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that K12 will post 0.84 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC boosted its stake in shares of K12 by 528.9% in the 1st quarter. BlueMountain Capital Management LLC now owns 32,653 shares of the company’s stock valued at $1,114,000 after purchasing an additional 27,461 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in shares of K12 by 53.0% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 5,860 shares of the company’s stock valued at $200,000 after purchasing an additional 2,030 shares in the last quarter. SEI Investments Co boosted its stake in shares of K12 by 17.3% in the 1st quarter. SEI Investments Co now owns 92,691 shares of the company’s stock valued at $3,163,000 after purchasing an additional 13,689 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of K12 by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 440,436 shares of the company’s stock valued at $15,032,000 after purchasing an additional 23,200 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of K12 in the 1st quarter valued at $292,000. 87.28% of the stock is owned by institutional investors.

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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