Strategic Education (NASDAQ:STRA) PT Raised to $135.00 at Barrington Research

Strategic Education (NASDAQ:STRA) had its price target raised by equities researchers at Barrington Research from $125.00 to $135.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the health services provider’s stock. Barrington Research’s price objective points to a potential upside of 11.51% from the stock’s previous close.

STRA has been the subject of several other reports. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their target price on Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Bank of America raised their price target on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Truist Financial raised shares of Strategic Education from a “hold” rating to a “buy” rating and raised their price target for the company from $110.00 to $125.00 in a research report on Wednesday, April 17th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $131.75.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $121.06 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $101.89 and a two-hundred day moving average price of $94.19. Strategic Education has a 1-year low of $64.53 and a 1-year high of $121.29. The company has a market cap of $2.98 billion, a P/E ratio of 41.74, a PEG ratio of 1.20 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The firm had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. As a group, analysts anticipate that Strategic Education will post 4.61 EPS for the current year.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction that occurred 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 sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction that occurred 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 sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Strategic Education by 6,377.0% in the 4th quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after buying an additional 175,431 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Strategic Education by 88.4% during the 3rd quarter. GSA Capital Partners LLP now owns 26,938 shares of the health services provider’s stock valued at $2,027,000 after purchasing an additional 12,636 shares in the last quarter. Dark Forest Capital Management LP grew its position in shares of Strategic Education by 152.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 9,965 shares of the health services provider’s stock valued at $750,000 after purchasing an additional 6,024 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Strategic Education by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock valued at $879,000 after purchasing an additional 349 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Strategic Education by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock valued at $1,656,000 after purchasing an additional 142 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.