K12 (LRN) Receives $21.50 Average Target Price from Brokerages

K12 (NYSE:LRN) has been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $21.50.

Several research analysts recently weighed in on LRN shares. Zacks Investment Research cut shares of K12 from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. ValuEngine cut shares of K12 from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Barrington Research restated a “buy” rating and issued a $22.00 price objective on shares of K12 in a research report on Thursday, April 12th.

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Shares of LRN traded up $0.36 during midday trading on Thursday, hitting $13.88. 139,930 shares of the company traded hands, compared to its average volume of 211,499. K12 has a one year low of $12.72 and a one year high of $21.18. The stock has a market cap of $568.21, a PE ratio of 30.87, a P/E/G ratio of 1.44 and a beta of 0.03. The company has a quick ratio of 4.00, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

K12 (NYSE:LRN) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.10. K12 had a return on equity of 4.39% and a net margin of 0.89%. The firm had revenue of $217.20 million for the quarter, compared to analysts’ expectations of $220.92 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. analysts expect that K12 will post 0.63 earnings per share for the current fiscal year.

In related news, insider Nathaniel A. Davis sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $18.08, for a total value of $361,600.00. Following the transaction, the insider now directly owns 353,874 shares in the company, valued at $6,398,041.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Howard D. Polsky sold 6,099 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $17.50, for a total transaction of $106,732.50. Following the completion of the transaction, the general counsel now owns 128,728 shares in the company, valued at $2,252,740. The disclosure for this sale can be found here. 9.61% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new stake in K12 in the fourth quarter worth approximately $169,000. Wedge Capital Management L L P NC purchased a new stake in K12 in the fourth quarter worth approximately $172,000. Teacher Retirement System of Texas purchased a new stake in K12 in the fourth quarter worth approximately $190,000. Metropolitan Life Insurance Co. NY purchased a new stake in K12 in the fourth quarter worth approximately $198,000. Finally, SG Americas Securities LLC boosted its stake in K12 by 91.1% in the third quarter. SG Americas Securities LLC now owns 14,007 shares of the company’s stock worth $250,000 after buying an additional 6,678 shares in the last quarter. Institutional investors own 81.65% of the company’s stock.

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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. It manages virtual and blended public schools.

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