Strategic Education Inc. (NASDAQ:STRA) Stock Has Consensus Target Price of $96.67

Key Points

• Analyst sentiment is broadly neutral: Strategic Education has a consensus “Hold” rating from five brokerages—three holds and two buys—with an average 12-month price target of $96.67.
• Recent analyst targets range from $90 to $105; BMO lowered its target to $95 while keeping an “outperform” rating, and Truist raised its target to $90 but maintained “hold.”
• Shares opened at $74.04, within a 52-week range of $69.70–$89.73. Institutional investors own 93.27% of the stock.

Strategic Education Inc. (NASDAQ:STRA - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $96.67.

STRA has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of Strategic Education from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Weiss Ratings lowered shares of Strategic Education from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Wall Street Zen raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Truist Financial lifted their price target on shares of Strategic Education from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Finally, Barrington Research set a $105.00 price target on shares of Strategic Education in a report on Wednesday, July 29th.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $74.04 on Wednesday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.67 and a beta of 0.51. The firm's 50 day simple moving average is $80.37 and its 200 day simple moving average is $80.37. Strategic Education has a fifty-two week low of $69.70 and a fifty-two week high of $89.73.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently modified their holdings of STRA. BlackRock Inc. acquired a new stake in shares of Strategic Education in the 2nd quarter valued at about $291,189,000. Dimensional Fund Advisors LP lifted its holdings in shares of Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider's stock valued at $121,017,000 after purchasing an additional 7,346 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Strategic Education by 30.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider's stock valued at $37,706,000 after purchasing an additional 106,487 shares in the last quarter. Algert Global LLC boosted its position in shares of Strategic Education by 26.6% during the second quarter. Algert Global LLC now owns 275,342 shares of the health services provider's stock worth $21,097,000 after buying an additional 57,824 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Strategic Education during the second quarter worth about $16,778,000. 93.27% of the stock is currently owned by institutional investors.

About Strategic Education

Strategic Education, Inc NASDAQ: STRA is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.

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