Strategic Education, Inc. (NASDAQ:STRA) Receives $124.25 Average PT from Brokerages

Shares of Strategic Education, Inc. (NASDAQ:STRA) have received a consensus recommendation of “Buy” from the four analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $124.25.

Several equities analysts have recently issued reports on STRA shares. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Bank of America boosted their target price on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Strategic Education in a report on Tuesday, April 9th. BMO Capital Markets boosted their target price on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Truist Financial raised Strategic Education from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $125.00 in a report on Wednesday, April 17th.

Strategic Education Stock Performance

Shares of STRA stock opened at $100.65 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $100.96 and a two-hundred day moving average of $93.74. Strategic Education has a 52 week low of $64.53 and a 52 week high of $111.95. The company has a market cap of $2.48 billion, a P/E ratio of 34.71, a PEG ratio of 1.18 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.34. The business had revenue of $302.70 million during the quarter, compared to the consensus estimate of $297.48 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, analysts anticipate that Strategic Education will post 4.6 EPS for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 2.38%. Strategic Education’s dividend payout ratio is currently 82.76%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the transaction, the chief financial officer now directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strategic Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in STRA. Exchange Traded Concepts LLC boosted its holdings in Strategic Education by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock worth $1,656,000 after purchasing an additional 142 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the last quarter. Wealthsource Partners LLC lifted its position in Strategic Education by 5.0% during the 3rd quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock worth $377,000 after acquiring an additional 240 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in Strategic Education by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock worth $534,000 after acquiring an additional 292 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Strategic Education by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock worth $879,000 after acquiring an additional 349 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.