Strategic Education (NASDAQ:STRA) Stock Rating Upgraded by StockNews.com

Strategic Education (NASDAQ:STRA) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also recently weighed in on the stock. Truist Financial upped their price target on shares of Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Bank of America boosted their price objective on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Finally, Barrington Research boosted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Strategic Education has an average rating of “Buy” and a consensus target price of $131.75.

Strategic Education Stock Up 3.4 %

Strategic Education stock opened at $121.06 on Friday. The stock has a market capitalization of $2.98 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50. Strategic Education has a twelve month low of $64.53 and a twelve month high of $121.29. The company has a quick ratio of 1.57, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $101.89 and a 200-day moving average of $94.27.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. On average, equities research analysts anticipate that Strategic Education will post 4.61 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction 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 disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Trading of Strategic Education

A number of hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC lifted its stake 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 worth $1,656,000 after buying an additional 142 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after buying an additional 236 shares during the last quarter. Wealthsource Partners LLC lifted its stake in shares of Strategic Education by 5.0% during the 3rd quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock worth $377,000 after buying an additional 240 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Strategic Education by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock worth $534,000 after buying an additional 292 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake 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 worth $879,000 after buying an additional 349 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

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.