BidaskClub downgraded shares of K12 Inc (NYSE:LRN) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning.

Several other research firms have also recently commented on LRN. Zacks Investment Research cut K12 from a strong-buy rating to a hold rating in a report on Wednesday, May 3rd. TheStreet raised K12 from a c+ rating to a b- rating in a report on Monday, April 3rd. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $22.00 price target on shares of K12 in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $17.75.

Shares of K12 (NYSE LRN) traded up 1.40% on Tuesday, hitting $18.05. The stock had a trading volume of 116,138 shares. The stock has a market cap of $690.41 million, a P/E ratio of 119.54 and a beta of -0.21. The firm’s 50-day moving average is $18.13 and its 200 day moving average is $18.61. K12 has a 1-year low of $10.17 and a 1-year high of $21.18.

K12 (NYSE:LRN) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.26 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $215.69 million. K12 had a return on equity of 3.19% and a net margin of 0.67%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. Equities analysts forecast that K12 will post $0.41 EPS for the current year.

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In other news, EVP Allison Cleveland sold 5,600 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.66, for a total value of $104,496.00. Following the sale, the executive vice president now directly owns 99,916 shares in the company, valued at approximately $1,864,432.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James Jeaho Rhyu sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.04, for a total value of $90,200.00. Following the completion of the sale, the chief financial officer now owns 250,624 shares in the company, valued at $4,521,256.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,600 shares of company stock valued at $1,798,268. Insiders own 18.34% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in K12 by 639.9% in the first quarter. Acrospire Investment Management LLC now owns 6,541 shares of the company’s stock valued at $125,000 after buying an additional 5,657 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in K12 during the first quarter valued at $223,000. UBS Asset Management Americas Inc. bought a new stake in K12 during the first quarter valued at $255,000. Citadel Advisors LLC bought a new stake in K12 during the first quarter valued at $262,000. Finally, Victory Capital Management Inc. bought a new stake in K12 during the first quarter valued at $299,000. Institutional investors own 79.27% of the company’s stock.

K12 Company Profile

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

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