K12 (NYSE:LRN) Chairman Nathaniel Davis bought 3,750 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of $19.54 per share, for a total transaction of $73,275.00. Following the purchase, the chairman now directly owns 247,385 shares in the company, valued at approximately $4,833,903. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LRN. Analysts at TheStreet downgraded shares of K12 to a “hold” rating in a research note to investors on Friday, October 18th. Separately, analysts at Merrill Lynch downgraded shares of K12 from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, October 14th. Finally, analysts at Zacks downgraded shares of K12 from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 11th. They now have a $17.50 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. K12 has an average rating of “Hold” and a consensus target price of $28.25.
K12 (NYSE:LRN) traded up 3.28% on Wednesday, hitting $20.78. The stock had a trading volume of 530,906 shares. K12 has a one year low of $15.83 and a one year high of $38.14. The stock’s 50-day moving average is $22.35 and its 200-day moving average is $28.19. The company has a market cap of $758.7 million and a P/E ratio of 27.94.
K12 (NYSE:LRN) last posted its earnings results on Thursday, November 7th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.01. The company had revenue of $228.40 million for the quarter, compared to the consensus estimate of $227.22 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that K12 will post $0.80 earnings per share for the current fiscal year.
K12 Inc (NYSE:LRN) is a technology-based education company.
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