In a report released today, Alexander Paris from Barrington maintained a Buy rating on K12 Inc (LRN), with a price target of $40. The company’s shares closed yesterday at $37, close to its 52-week high of $37.43.
According to TipRanks.com, Paris is a 5-star analyst with an average return of 11.0% and a 55.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
K12 Inc has an analyst consensus of Moderate Buy, with a price target consensus of $34.50.
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Based on K12 Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $23.71 million. In comparison, last year the company had a net profit of $13.07 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The company was founded by Ronald J. Packard in 2000 and is headquartered in Herndon, VA.
