K12 (NYSE:LRN) Coverage Initiated by Analysts at William Blair

William Blair assumed coverage on shares of K12 (NYSE:LRN) in a research report report published on Monday, Briefing.com Automated Import reports. The brokerage issued an outperform rating on the stock.

Other research analysts have also issued reports about the company. Barrington Research restated a buy rating and issued a $40.00 price target on shares of K12 in a research report on Thursday, June 13th. BMO Capital Markets reduced their target price on K12 to $33.00 and set an outperform rating on the stock in a report on Thursday, August 8th. Zacks Investment Research upgraded K12 from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Friday. ValuEngine lowered K12 from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Sidoti upgraded K12 from a neutral rating to a buy rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $33.25.

LRN stock traded down $0.15 during midday trading on Monday, reaching $28.43. 35,877 shares of the company’s stock traded hands, compared to its average volume of 282,678. The business has a 50-day moving average of $30.06. K12 has a 1-year low of $16.12 and a 1-year high of $37.43. The stock has a market cap of $1.15 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.05 and a beta of 0.06. The company has a current ratio of 3.40, a quick ratio of 3.21 and a debt-to-equity ratio of 0.01.



K12 (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. K12 had a return on equity of 6.11% and a net margin of 3.66%. The firm had revenue of $256.31 million for the quarter, compared to analyst estimates of $248.43 million. During the same period last year, the company earned $0.23 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that K12 will post 0.94 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of LRN. Renaissance Technologies LLC raised its stake in shares of K12 by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,633,300 shares of the company’s stock valued at $49,669,000 after purchasing an additional 49,900 shares during the period. Acadian Asset Management LLC raised its stake in shares of K12 by 4.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,432,001 shares of the company’s stock valued at $43,547,000 after purchasing an additional 56,723 shares during the period. JPMorgan Chase & Co. raised its stake in shares of K12 by 15.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,430,242 shares of the company’s stock valued at $42,207,000 after purchasing an additional 192,348 shares during the period. Janus Henderson Group PLC raised its stake in shares of K12 by 7.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,000,876 shares of the company’s stock valued at $30,437,000 after purchasing an additional 69,648 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of K12 by 20.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 537,125 shares of the company’s stock valued at $16,334,000 after purchasing an additional 92,338 shares during the period. Hedge funds and other institutional investors own 87.33% 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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