Strategic Education (NASDAQ:STRA) Stock Rating Upgraded by Wall Street Zen

Strategic Education (NASDAQ:STRA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also recently issued reports on the stock. Truist Financial lifted their target price on shares of Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets raised their price target on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Barrington Research set a $105.00 price objective on shares of Strategic Education in a research note on Wednesday. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Strategic Education currently has a consensus rating of “Hold” and a consensus price target of $95.33.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $82.00 on Friday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.76 and a beta of 0.50. Strategic Education has a 52-week low of $69.70 and a 52-week high of $89.73. The stock has a 50-day simple moving average of $79.01 and a 200-day simple moving average of $80.15.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.04). Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The firm had revenue of $321.60 million during the quarter, compared to the consensus estimate of $327.55 million. During the same period in the previous year, the firm posted $1.54 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that Strategic Education will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the insider owned 65,195 shares in the company, valued at $5,215,600. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRA. Axiom Investment Management LLC bought a new stake in Strategic Education during the first quarter valued at about $25,000. Allworth Financial LP increased its stake in shares of Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after purchasing an additional 138 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Strategic Education by 154.2% in the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after purchasing an additional 202 shares during the period. Osaic Holdings Inc. lifted its position in shares of Strategic Education by 85.2% during the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after purchasing an additional 178 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in Strategic Education during the 4th quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.