K12 (LRN) Price Target Increased to $21.00 by Analysts at BMO Capital Markets

K12 (NYSE:LRN) had its target price raised by BMO Capital Markets from $19.00 to $21.00 in a research report sent to investors on Wednesday morning. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on the company. Barrington Research reiterated a buy rating and issued a $22.00 target price on shares of K12 in a report on Friday, October 5th. ValuEngine upgraded K12 from a sell rating to a hold rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research cut K12 from a buy rating to a hold rating in a report on Wednesday, July 18th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $23.33.

Shares of K12 stock traded up $1.04 on Wednesday, reaching $21.79. The company had a trading volume of 611,632 shares, compared to its average volume of 355,911. The stock has a market cap of $875.83 million, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 1.91 and a beta of -0.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 3.06. K12 has a 1 year low of $12.72 and a 1 year high of $24.67.



K12 (NYSE:LRN) last announced its earnings results on Tuesday, October 23rd. The company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The firm had revenue of $251.30 million during the quarter, compared to analysts’ expectations of $226.82 million. K12 had a return on equity of 4.67% and a net margin of 2.91%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. Sell-side analysts predict that K12 will post 0.76 earnings per share for the current fiscal year.

In related news, Chairman Nathaniel A. Davis sold 60,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $20.71, for a total transaction of $1,242,600.00. Following the completion of the transaction, the chairman now owns 414,778 shares in the company, valued at approximately $8,590,052.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Howard D. Polsky sold 2,091 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $17.50, for a total value of $36,592.50. Following the transaction, the general counsel now owns 132,072 shares of the company’s stock, valued at approximately $2,311,260. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,310 shares of company stock valued at $2,788,565. 18.34% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in K12 by 0.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,220,693 shares of the company’s stock valued at $19,983,000 after acquiring an additional 3,180 shares during the period. Wells Fargo & Company MN boosted its holdings in K12 by 4.6% during the 1st quarter. Wells Fargo & Company MN now owns 79,999 shares of the company’s stock valued at $1,135,000 after acquiring an additional 3,502 shares during the period. Northern Trust Corp boosted its holdings in K12 by 1.0% during the 1st quarter. Northern Trust Corp now owns 465,936 shares of the company’s stock valued at $6,607,000 after acquiring an additional 4,698 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in K12 by 17.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,004 shares of the company’s stock valued at $540,000 after acquiring an additional 4,874 shares during the period. Finally, First Trust Advisors LP boosted its holdings in K12 by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 43,858 shares of the company’s stock valued at $718,000 after acquiring an additional 6,465 shares during the period. Institutional investors own 82.80% of the company’s stock.

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. 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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