Strategic Education (NASDAQ:STRA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Strategic Education (NASDAQ:STRA - Get Free Report) had its price target raised by analysts at BMO Capital Markets from $97.00 to $98.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the health services provider's stock. BMO Capital Markets' target price would indicate a potential upside of 15.76% from the company's current price.

A number of other research analysts have also weighed in on STRA. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Truist Financial set a $105.00 price target on Strategic Education in a report on Thursday, April 24th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Strategic Education in a report on Tuesday, April 15th.

Strategic Education Trading Up 4.1 %

Shares of STRA traded up $3.37 during mid-day trading on Monday, hitting $84.66. 256,045 shares of the company's stock were exchanged, compared to its average volume of 152,522. Strategic Education has a fifty-two week low of $74.28 and a fifty-two week high of $123.62. The business's 50 day moving average is $81.42 and its two-hundred day moving average is $90.85. The firm has a market capitalization of $2.09 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.22 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $303.59 million for the quarter, compared to the consensus estimate of $300.67 million. During the same period last year, the business posted $1.11 EPS. The company's revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Strategic Education will post 4.79 earnings per share for the current year.

Insider Transactions at Strategic Education

In other news, Director Michael A. Mcrobbie bought 600 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $81.80 per share, for a total transaction of $49,080.00. Following the acquisition, the director now owns 6,135 shares of the company's stock, valued at $501,843. This trade represents a 10.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the transaction, the chief executive officer now owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,826 shares of company stock worth $3,945,093 in the last three months. Company insiders own 3.30% of the company's stock.

Institutional Trading of Strategic Education

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in shares of Strategic Education by 21.1% in the first quarter. Victory Capital Management Inc. now owns 92,250 shares of the health services provider's stock worth $7,745,000 after buying an additional 16,050 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Strategic Education in the 1st quarter valued at about $1,422,000. Cerity Partners LLC acquired a new position in Strategic Education in the first quarter worth about $473,000. Significant Wealth Partners LLC raised its stake in Strategic Education by 17.3% during the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after buying an additional 396 shares in the last quarter. Finally, Banque Pictet & Cie SA bought a new position in Strategic Education during the 1st quarter worth approximately $460,000. 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.