In a report released today, Alexander Paris from Barrington reiterated a Buy rating on K12 (LRN), with a price target of $30.00. The company’s shares closed last Monday at $25.04.
According to TipRanks.com, Paris has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.0% and a 36.6% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Adtalem Global Education, and Franklin Covey Company.
K12 has an analyst consensus of Moderate Buy, with a price target consensus of $30.00.
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Based on K12’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $258 million and net profit of $20.59 million. In comparison, last year the company earned revenue of $255 million and had a net profit of $23.71 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LRN in relation to earlier this year.
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K12, Inc. is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J. Packard in 1999 and is headquartered in Herndon, VA.
