Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $14.00 at Barrington Research

Lincoln Educational Services (NASDAQ:LINC) had its price objective increased by Barrington Research from $13.00 to $14.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock. Barrington Research also issued estimates for Lincoln Educational Services’ Q2 2024 earnings at ($0.01) EPS, Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $0.54 EPS.

Several other equities analysts also recently weighed in on LINC. Rosenblatt Securities reaffirmed a buy rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a research note on Monday, April 29th. StockNews.com upgraded Lincoln Educational Services from a hold rating to a buy rating in a research report on Saturday, March 2nd. Finally, B. Riley reiterated a buy rating and issued a $14.00 price objective (up from $12.00) on shares of Lincoln Educational Services in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Educational Services presently has a consensus rating of Moderate Buy and an average target price of $14.38.

Lincoln Educational Services Trading Up 5.5 %

Shares of LINC stock opened at $12.55 on Monday. The business’s fifty day moving average price is $10.23 and its 200 day moving average price is $9.72. The firm has a market capitalization of $394.70 million, a PE ratio of 14.59, a P/E/G ratio of 1.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. Lincoln Educational Services has a 1-year low of $5.70 and a 1-year high of $13.03.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. The business had revenue of $102.52 million for the quarter, compared to analysts’ expectations of $97.78 million. During the same period in the prior year, the company posted $0.32 EPS. As a group, sell-side analysts forecast that Lincoln Educational Services will post 0.41 EPS for the current fiscal year.

Insider Activity

In related news, Director J Barry Morrow sold 5,252 shares of Lincoln Educational Services stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now owns 122,911 shares in the company, valued at approximately $1,238,942.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director J Barry Morrow sold 5,252 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total transaction of $52,940.16. Following the transaction, the director now owns 122,911 shares of the company’s stock, valued at $1,238,942.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of the sale, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The disclosure for this sale can be found here. Insiders have sold 583,692 shares of company stock worth $5,858,793 over the last three months. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lincoln Educational Services

Hedge funds have recently added to or reduced their stakes in the business. AJOVista LLC purchased a new position in shares of Lincoln Educational Services during the 4th quarter worth about $67,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Lincoln Educational Services during the 3rd quarter valued at $65,000. New York State Common Retirement Fund increased its holdings in Lincoln Educational Services by 1,513.5% in the 4th quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after purchasing an additional 8,067 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Lincoln Educational Services in the third quarter worth about $86,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the period. 72.23% of the stock is owned by institutional investors and hedge funds.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.