Strategic Education (NASDAQ:STRA) Rating Increased to Buy at Truist Financial

Strategic Education (NASDAQ:STRA) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $125.00 price objective on the health services provider’s stock, up from their previous price objective of $110.00. Truist Financial’s price target suggests a potential upside of 27.41% from the company’s previous close.

Other research analysts have also issued research reports about the company. TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Bank of America increased their target price on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Strategic Education in a research report on Tuesday, April 9th. Finally, BMO Capital Markets increased their target price on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.25.

Strategic Education Trading Up 0.0 %

Shares of Strategic Education stock opened at $98.11 on Wednesday. Strategic Education has a fifty-two week low of $64.53 and a fifty-two week high of $111.95. The firm has a market cap of $2.41 billion, a PE ratio of 33.83, a P/E/G ratio of 1.15 and a beta of 0.50. The business’s fifty day moving average is $100.81 and its two-hundred day moving average is $93.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.34. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The company had revenue of $302.70 million for the quarter, compared to analyst estimates of $297.48 million. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts anticipate that Strategic Education will post 4.6 earnings per share for the current year.

Insider Activity at Strategic Education

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

Institutional Trading of Strategic Education

Several large investors have recently modified their holdings of STRA. Vanguard Group Inc. grew its stake in Strategic Education by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,538,802 shares of the health services provider’s stock worth $168,526,000 after purchasing an additional 103,533 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Strategic Education by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,225,778 shares of the health services provider’s stock worth $199,942,000 after purchasing an additional 157,880 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Strategic Education by 30.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,087,347 shares of the health services provider’s stock worth $163,482,000 after purchasing an additional 484,022 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Strategic Education by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock worth $123,287,000 after acquiring an additional 65,507 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in Strategic Education by 2.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider’s stock worth $105,113,000 after acquiring an additional 23,794 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.