K12 (NYSE:LRN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of K12 (NYSE:LRN) from a buy rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

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. “

Separately, Barrington Research set a $26.00 price objective on NIC and gave the company a buy rating in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $31.25.

NYSE:LRN opened at $30.96 on Tuesday. The company has a quick ratio of 3.39, a current ratio of 3.51 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $30.69. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.07. K12 has a 12-month low of $16.07 and a 12-month high of $37.43.

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

A number of large investors have recently added to or reduced their stakes in LRN. Investors Research Corp bought a new position in K12 during the 1st quarter worth $27,000. PNC Financial Services Group Inc. bought a new position in K12 during the 4th quarter worth $44,000. FNY Investment Advisers LLC increased its stake in K12 by 539.8% during the 1st quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $92,000 after acquiring an additional 2,278 shares during the period. New York State Teachers Retirement System bought a new position in K12 during the 2nd quarter worth $100,000. Finally, First Mercantile Trust Co. bought a new position in K12 during the 1st quarter worth $144,000. Hedge funds and other institutional investors own 87.01% 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.

See Also: What is the Quick Ratio?

Get a free copy of the Zacks research report on K12 (LRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for K12 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 and related companies with MarketBeat.com's FREE daily email newsletter.