Shares of K12 Inc (NYSE:LRN) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.50.

Several research analysts have recently weighed in on LRN shares. Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, June 29th. BMO Capital Markets reiterated a “buy” rating on shares of K12 in a report on Friday, April 28th. BidaskClub cut shares of K12 from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, TheStreet upgraded shares of K12 from a “c+” rating to a “b-” rating in a report on Monday, April 3rd.

Shares of K12 (LRN) traded up 0.50% during midday trading on Tuesday, reaching $18.10. The company’s stock had a trading volume of 159,351 shares. The company has a market capitalization of $692.33 million, a P/E ratio of 119.87 and a beta of -0.21. K12 has a 1-year low of $10.17 and a 1-year high of $21.18. The stock has a 50 day moving average of $18.24 and a 200-day moving average of $18.61.

K12 (NYSE:LRN) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.16. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $215.69 million. K12 had a net margin of 0.67% and a return on equity of 3.19%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, equities research analysts anticipate that K12 will post $0.41 earnings per share for the current year.

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In related news, insider Nathaniel A. Davis sold 2,500 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $20.46, for a total transaction of $51,150.00. Following the completion of the transaction, the insider now owns 788,695 shares in the company, valued at $16,136,699.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Jeaho Rhyu sold 10,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $18.00, for a total transaction of $180,000.00. Following the transaction, the chief financial officer now owns 255,624 shares of the company’s stock, valued at approximately $4,601,232. The disclosure for this sale can be found here. Insiders sold 82,600 shares of company stock valued at $1,617,718 in the last quarter. Corporate insiders own 18.34% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of 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 during the last quarter. 1st Global Advisors Inc. acquired a new position in shares of K12 during the first quarter valued at approximately $223,000. UBS Asset Management Americas Inc. acquired a new position in shares of K12 during the first quarter valued at approximately $255,000. Citadel Advisors LLC acquired a new position in shares of K12 during the first quarter valued at approximately $262,000. Finally, Victory Capital Management Inc. acquired a new position in shares of K12 during the first quarter valued at approximately $299,000. Institutional investors and hedge funds 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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