K12 (NYSE:LRN) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their buy rating on shares of K12 (NYSE:LRN) in a report released on Thursday morning, AnalystRatings.com reports. They currently have a $40.00 price objective on the stock.

Separately, Zacks Investment Research cut shares of K12 from a buy rating to a hold rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $31.50.

Shares of NYSE LRN opened at $31.15 on Thursday. The company has a quick ratio of 3.39, a current ratio of 3.51 and a debt-to-equity ratio of 0.01. K12 has a 12 month low of $16.07 and a 12 month high of $37.43. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 45.81, a price-to-earnings-growth ratio of 2.47 and a beta of 0.10.

K12 (NYSE:LRN) last posted its earnings results on Tuesday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. K12 had a net margin of 4.33% and a return on equity of 7.23%. The firm had revenue of $253.25 million during the quarter, compared to analysts’ expectations of $252.49 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that K12 will post 0.84 earnings per share for the current year.

A number of large investors have recently bought and sold shares of LRN. D. E. Shaw & Co. Inc. raised its position in K12 by 31.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,065,421 shares of the company’s stock worth $26,412,000 after acquiring an additional 257,037 shares during the period. Principal Financial Group Inc. raised its position in K12 by 51.3% during the fourth quarter. Principal Financial Group Inc. now owns 658,070 shares of the company’s stock worth $16,314,000 after acquiring an additional 223,227 shares during the period. SG Capital Management LLC acquired a new position in K12 during the first quarter worth $6,751,000. Acadian Asset Management LLC raised its position in K12 by 14.2% during the fourth quarter. Acadian Asset Management LLC now owns 1,483,252 shares of the company’s stock worth $36,770,000 after acquiring an additional 184,068 shares during the period. Finally, JPMorgan Chase & Co. raised its position in K12 by 17.1% during the first quarter. JPMorgan Chase & Co. now owns 1,237,894 shares of the company’s stock worth $42,249,000 after acquiring an additional 180,672 shares during the period. Institutional investors own 87.28% of the company’s stock.

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. 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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