K12 Inc. (LRN) Receives $20.50 Consensus Price Target from Analysts

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K12 Inc. (NYSE:LRN) has been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.50.

A number of equities research analysts have recently commented on LRN shares. Barrington Research restated a “buy” rating and set a $22.00 target price on shares of K12 in a research report on Thursday, April 12th. Zacks Investment Research cut K12 from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. ValuEngine cut K12 from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. TheStreet upgraded K12 from a “c+” rating to a “b-” rating in a research report on Monday, June 11th. Finally, BMO Capital Markets dropped their target price on K12 from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 25th.

LRN traded down $0.16 during midday trading on Tuesday, hitting $16.37. 201,560 shares of the company were exchanged, compared to its average volume of 209,097. K12 has a 1-year low of $12.72 and a 1-year high of $18.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.77 and a current ratio of 3.92. The company has a market capitalization of $689.22 million, a P/E ratio of 36.38, a P/E/G ratio of 1.96 and a beta of -0.02.

K12 (NYSE:LRN) last posted its earnings results on Tuesday, April 24th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). K12 had a net margin of 1.32% and a return on equity of 3.75%. The business had revenue of $232.90 million for the quarter, compared to analyst estimates of $227.30 million. During the same quarter last year, the business earned $0.42 earnings per share. K12’s revenue was up 4.7% on a year-over-year basis. analysts forecast that K12 will post 0.57 EPS for the current year.

In related news, insider Kevin Chavous sold 3,491 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $15.20, for a total value of $53,063.20. Following the transaction, the insider now directly owns 60,424 shares of the company’s stock, valued at approximately $918,444.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.34% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in K12 in the 1st quarter valued at about $402,000. Millennium Management LLC lifted its stake in K12 by 2,031.7% in the 1st quarter. Millennium Management LLC now owns 417,028 shares of the company’s stock valued at $5,913,000 after buying an additional 397,465 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in K12 in the 1st quarter valued at about $143,000. Jane Street Group LLC purchased a new position in K12 in the 1st quarter valued at about $158,000. Finally, A.R.T. Advisors LLC purchased a new position in K12 in the 1st quarter valued at about $381,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

K12 Company Profile

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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