Strategic Education (NASDAQ:STRA) Price Target Raised to $135.00 at Barrington Research

Strategic Education (NASDAQ:STRA - Get Free Report) had its price objective increased by equities researchers at Barrington Research from $125.00 to $135.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the health services provider's stock. Barrington Research's target price would indicate a potential upside of 15.35% from the stock's current price.

STRA has been the topic of several other research reports. TheStreet upgraded Strategic Education from a "c+" rating to a "b" rating in a report on Thursday, February 29th. BMO Capital Markets increased their price target on Strategic Education from $103.00 to $123.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Bank of America increased their price target on Strategic Education from $104.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Truist Financial upgraded Strategic Education from a "hold" rating to a "buy" rating and raised their target price for the company from $110.00 to $125.00 in a report on Wednesday, April 17th. Finally, StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.75.

Strategic Education Trading Up 16.3 %

Shares of STRA stock traded up $16.39 on Thursday, hitting $117.04. The company had a trading volume of 453,842 shares, compared to its average volume of 94,901. The stock's 50-day moving average is $101.37 and its two-hundred day moving average is $93.90. Strategic Education has a twelve month low of $64.53 and a twelve month high of $118.85. The firm has a market cap of $2.88 billion, a P/E ratio of 40.36, a P/E/G ratio of 1.18 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.34 by $0.34. The business had revenue of $302.70 million during the quarter, compared to analysts' expectations of $297.48 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The firm's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. On average, equities research analysts anticipate that Strategic Education will post 4.61 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares of the company's stock, valued at $15,488,850.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the sale, the chief financial officer now directly owns 71,770 shares of the company's stock, valued at $6,886,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company's stock, valued at $15,488,850.41. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of Strategic Education

A number of large investors have recently bought and sold shares of STRA. Envestnet Asset Management Inc. increased its position in Strategic Education by 155.7% in the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider's stock worth $29,803,000 after buying an additional 241,168 shares during the last quarter. International Assets Investment Management LLC increased its position in Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider's stock worth $16,459,000 after buying an additional 175,431 shares during the last quarter. Norges Bank purchased a new stake in Strategic Education in the fourth quarter worth $13,511,000. Goldman Sachs Group Inc. increased its position in Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider's stock worth $23,406,000 after buying an additional 128,961 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Strategic Education by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider's stock worth $123,287,000 after buying an additional 65,507 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.