ValuEngine downgraded shares of K12 (NYSE:LRN) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

A number of other research firms also recently weighed in on LRN. William Blair began coverage on K12 in a report on Monday, August 12th. They set an outperform rating on the stock. Sidoti upgraded K12 from a neutral rating to a buy rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded K12 from a strong-buy rating to a hold rating in a report on Wednesday. TheStreet downgraded K12 from a b rating to a c+ rating in a report on Tuesday, August 13th. Finally, BMO Capital Markets reduced their target price on K12 to $33.00 and set an outperform rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $33.25.

NYSE:LRN traded up $0.40 during mid-day trading on Thursday, reaching $25.70. 184,486 shares of the company’s stock traded hands, compared to its average volume of 272,701. K12 has a 12-month low of $16.19 and a 12-month high of $37.43. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.77 and a beta of 0.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.40 and a quick ratio of 3.21. The company has a 50 day moving average price of $26.99 and a 200-day moving average price of $30.35.

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

Institutional investors have recently bought and sold shares of the stock. Financial Gravity Wealth Inc. purchased a new stake in shares of K12 in the 2nd quarter worth approximately $28,000. Meeder Asset Management Inc. grew its stake in shares of K12 by 262.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $43,000 after buying an additional 1,038 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of K12 in the 2nd quarter worth approximately $61,000. Tower Research Capital LLC TRC grew its stake in shares of K12 by 56.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,140 shares of the company’s stock worth $65,000 after buying an additional 775 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of K12 by 507.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,356 shares of the company’s stock worth $71,000 after buying an additional 1,968 shares during the last quarter. Institutional investors own 87.93% of the company’s stock.

K12 Company Profile

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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