Strategic Education (NASDAQ:STRA) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Strategic Education Inc. (NASDAQ:STRA – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $80.59 and traded as low as $79.66. Strategic Education shares last traded at $79.84, with a volume of 138,344 shares trading hands.

Wall Street Analyst Weigh In

STRA has been the topic of a number of research reports. Truist Financial raised their target price on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Barrington Research set a $105.00 price target on Strategic Education in a research report on Wednesday, July 29th. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets reduced their price objective on Strategic Education from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings lowered Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.67.

View Our Latest Research Report on Strategic Education

Strategic Education Price Performance

The firm has a 50 day simple moving average of $80.97 and a 200-day simple moving average of $80.53. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.72 and a beta of 0.47.

Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The business had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. Research analysts anticipate that Strategic Education Inc. will post 7.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Strategic Education

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Strategic Education in the second quarter valued at approximately $291,189,000. Bank of New York Mellon Corp acquired a new position in Strategic Education during the second quarter worth $16,778,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Strategic Education by 30.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock worth $37,706,000 after buying an additional 106,487 shares during the period. Bank of America Corp DE purchased a new position in shares of Strategic Education during the second quarter worth $6,974,000. Finally, Empowered Funds LLC acquired a new stake in shares of Strategic Education in the second quarter valued at $6,107,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Strategic Education

(Get Free Report)

Strategic Education, Inc (NASDAQ: STRA) is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.

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