Zacks Investment Research lowered shares of K12 (NYSE:LRN) from a buy rating to a hold rating in a research note published on Tuesday, reports.

According to Zacks, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background. “

Separately, Barrington Research set a $26.00 target price on shares of NIC and gave the stock a buy rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $31.25.

LRN opened at $30.20 on Tuesday. K12 has a fifty-two week low of $16.07 and a fifty-two week high of $37.43. The company has a quick ratio of 3.39, a current ratio of 3.51 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $30.70. The stock has a market capitalization of $1.25 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.33 and a beta of 0.07.

K12 (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $253.25 million during the quarter, compared to analysts’ expectations of $252.49 million. K12 had a net margin of 4.33% and a return on equity of 7.23%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, analysts predict that K12 will post 0.84 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. First Trust Advisors LP increased its stake in shares of K12 by 21.3% in the fourth quarter. First Trust Advisors LP now owns 67,807 shares of the company’s stock valued at $1,681,000 after buying an additional 11,908 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of K12 in the fourth quarter valued at about $44,000. Advisor Group Inc. increased its stake in shares of K12 by 3,128.7% in the fourth quarter. Advisor Group Inc. now owns 5,618 shares of the company’s stock valued at $139,000 after buying an additional 5,444 shares during the period. Citigroup Inc. increased its stake in shares of K12 by 16.5% in the fourth quarter. Citigroup Inc. now owns 13,679 shares of the company’s stock valued at $339,000 after buying an additional 1,938 shares during the period. Finally, United Services Automobile Association increased its stake in shares of K12 by 38.1% in the fourth quarter. United Services Automobile Association now owns 141,880 shares of the company’s stock valued at $3,517,000 after buying an additional 39,143 shares during the period. Hedge funds and other institutional investors own 87.01% 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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