K12 Inc. (LRN) Shares Up 3.3%
K12 Inc. (NYSE:LRN) shares shot up 3.3% during mid-day trading on Thursday . The company traded as high as $12.36 and last traded at $12.34, with a volume of 68,578 shares. The stock had previously closed at $11.95.
A number of research firms recently issued reports on LRN. Barrington Research reaffirmed a “market perform” rating on shares of K12 in a report on Friday, July 15th. TheStreet raised K12 from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Finally, First Analysis raised K12 from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Wednesday, August 10th.
The firm has a 50-day moving average price of $12.33 and a 200 day moving average price of $11.43. The company has a market cap of $467.49 million and a PE ratio of 54.13.
K12 (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company earned $221.30 million during the quarter, compared to analyst estimates of $210.13 million. K12’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Equities analysts expect that K12 Inc. will post $0.43 earnings per share for the current fiscal year.
K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.