K12 (NYSE: LRN) has been given an average rating of “Buy” from six stock market analysts. Out of the six, one issued a rating of “hold”. Meanwhile, three analysts issued a rating of “Buy” and one issued a rating of “strong buy.” The company’s average one-year objective price stands at $54.50.
What Do The Stock Market Analysts Say About NYSE: LRN Report?
ValuEngine reduced its K12 shares to a rating of “hold” from a rating of “buy” on 2nd July during the Thursday report. BMO Capital Markets increased their price target to $60.00 from $52.00. They also issued a rating of “outperform” to NYSE: LRN on 12th August during a Wednesday report. Zachs Invest Research, on the other hand, increased its NYSE: LRM shares to a rating of “strong buy” from a rating of “hold”. They also set their price target at $53.00 on 18th August during a Tuesday report.
On 12th August, during a Wednesday report, TheStreet updated its K12 shares to a rating of “b-“ from a rating of “c+”. Last but not the least, Sidoti updated its K12 (NYSE: LRN) shares to a rating of “buy” from a rating of “neutral” on 4th September during a Friday report. They also issued their price target at $45.00.
How Did The Investors React To K12 Inc’s “Buy” Rating?
Envestnet Asset Management Inc upgraded its position in the company by 2.4 percent. Currently, Envestnet Asset Management Inc owns an estimate of $494,000, which comes from 18,146 company shares. First Trust Advisors LP also increased its NYSE: LRN it’s company holdings by 0.9 percent. Currently, First Trust Advisors LP owns an estimate of $2,224,000, which comes from 68,285 company shares. California State Teachers Retirement System also increased its K12 holdings by 1.5 percent. It currently owns an estimate of $1,640,000, which comes from 60,221 company shares.
Parallel Advisors LLC also increased its NYSE: LRN holdings by 137.3 percent. They currently own an estimate of $43,000, which comes from 1,604 company shares. Last but not the least, FinTrust Capital Advisors LLC increased its K12 Inc holdings by 107.9 percent. It currently owns an estimate of $58,000, which comes from 2,116 company shares.
On Friday, NYSE: LRN stock started at $30.44. The company’s market capitalization stands at $1.26 billion. It’s fifty days moving average stands at $32.21. K12 Inc’s 200 days simple moving average stands at $30.49. Its 12 months low is $15.06. Furthermore, the company’s 12 months high stands at $52.84.
On 11th August, during the Tuesday report, NYSE: LRN released the company’s earnings. As per reports, it earned $0.12 per share for this quarter.