Shares of K12 Inc. (NYSE:LRN) rose 5.8% during trading on Wednesday . The stock traded as high as $28.55 and last traded at $28.47, approximately 371,400 shares were traded during mid-day trading. An increase of 21% from the average daily volume of 308,048 shares. The stock had previously closed at $26.90.

A number of equities research analysts have weighed in on LRN shares. Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, August 9th. ValuEngine upgraded shares of K12 from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets reduced their price objective on shares of K12 to $33.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. William Blair assumed coverage on shares of K12 in a research report on Monday, August 12th. They set an “outperform” rating on the stock. Finally, Barrington Research reiterated a “buy” rating and set a $40.00 target price on shares of K12 in a research report on Thursday, June 13th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $33.25.

The company has a current ratio of 3.40, a quick ratio of 3.21 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $28.23 and a 200-day moving average price of $31.21. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.91 and a beta of 0.19.

K12 (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.05. K12 had a return on equity of 6.11% and a net margin of 3.66%. The business had revenue of $256.31 million for the quarter, compared to analyst estimates of $248.43 million. During the same quarter in the previous year, the firm earned $0.23 EPS. K12’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that K12 Inc. will post 0.95 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of K12 by 52.8% in the 4th quarter. Bank of America Corp DE now owns 38,283 shares of the company’s stock valued at $950,000 after purchasing an additional 13,224 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in K12 by 150.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,662 shares of the company’s stock valued at $296,000 after purchasing an additional 5,209 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in K12 by 236.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,502 shares of the company’s stock valued at $290,000 after purchasing an additional 5,973 shares during the last quarter. SG Americas Securities LLC acquired a new position in K12 in the first quarter valued at about $558,000. Finally, Alps Advisors Inc. acquired a new position in K12 in the first quarter valued at about $411,000. Hedge funds and other institutional investors own 87.98% of the company’s stock.

K12 Company Profile (NYSE:LRN)

K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

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