Strategic Education (NASDAQ:STRA – Get the Free Report) Investment analysts at Barrington Research raised their price target from $100.00 to $125.00 in a research note issued Thursday, Benzinga reported. The brokerage currently has an “outperform” rating on the medical service provider's stock. Barrington Research's price target indicates a potential upside of 15.05% from the company's previous closing price.
STRA has been the subject of many other research reports. StockNews.com upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets increased their target price on shares of Strategic Education from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and three have rated it with a buy rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.00, according to data from MarketBeat.com.
Check out the latest stock report for STRA
Strategic education price performance
NASDAQ:STRA stock opened at $108.65 on Thursday. The company's 50-day moving average price is $94.89 and its 200-day moving average price is $86.83. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 53.26x, a PEG ratio of 1.06x, and a beta of 0.49x. Strategic Education has a 1-year low of $64.53 and a 1-year high of $111.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.32, and a quick ratio of 1.32.
Strategic Education (NASDAQ:STRA – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The medical services provider reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.34. The company had revenue of $302.7 million for the quarter, compared to analysts' expectations of $297.48 million. Strategic Education had a net profit margin of 4.45% and a return on equity of 4.19%. The business's revenue for the quarter increased 12.2% compared to the same period last year. In the same period last year, the company's EPS was $0.78. On average, equity research analysts expect that Strategic Education will post 3.41 earnings per share for the current fiscal year.
Insider buying and selling at Strategic Education
In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares of the company's stock, valued at approximately $6,886,331.50. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. In other Strategic Education news, CEO Raymond Karl McDonnell sold 12,820 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the transaction, the CEO now directly owns 161,359 shares of the company's stock, valued at approximately $15,488,850.41. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on the SEC's website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the transaction, the chief financial officer now owns 71,770 shares of the company's stock, valued at $6,886,331.50. Disclosures regarding this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Inflow and outflow of institutions
Institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its stake in shares of Strategic Education by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the medical services provider's stock valued at $1,656,000 after acquiring an additional 142 shares of his stock in the last quarter. LPL Financial LLC increased its stake in shares of Strategic Education by 2.3% in the 3rd quarter. LPL Financial LLC now owns 6,752 shares of the healthcare provider's stock valued at $508,000 after acquiring an additional 154 shares in the last quarter. Castleview Partners LLC increased its stake in shares of Strategic Education by 4.9% in the 2nd quarter. Castleview Partners LLC now owns 3,743 shares of the healthcare provider's stock valued at $254,000 after acquiring an additional 175 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the healthcare provider's stock valued at $95,000 after acquiring an additional 199 shares in the last quarter. Finally, Wells Fargo & Company Minnesota increased its stake in shares of Strategic Education by 3.6% in the 4th quarter. Wells Fargo & Company Minnesota now owns 6,738 shares of the healthcare provider's stock valued at $528,000 after acquiring an additional 234 shares in the last quarter. Currently, 97.53% of the stock is held by institutional investors.
About strategic education
(Get Free Report)
Strategic Education, Inc., through its subsidiaries, provides campus-based and online post-secondary education services and programs to develop work-ready skills. He operates through three segments: US Higher Education, Australia/New Zealand, and Educational Technology Services. The company operates Strayer University, which offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses in the eastern United States and online. Non-degree web and mobile application development courses through Hackbright Academy and Devmountain. Earn your MBA online through the Jack Welch Management Institute.
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