Strategic Education (NASDAQ:STRA) Price Target Raised to $98.00 at BMO Capital Markets

Strategic Education (NASDAQ:STRA) had its price objective lifted by BMO Capital Markets from $97.00 to $98.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the health services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 19.24% from the stock’s current price.

A number of other equities analysts also recently commented on STRA. StockNews.com upgraded 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 shares of Strategic Education in a research report on Thursday, April 24th. Finally, Barrington Research reissued an “outperform” rating and issued a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th.

Strategic Education Trading Up 2.2 %

NASDAQ STRA opened at $82.19 on Monday. The company has a market capitalization of $2.03 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The business’s 50-day moving average price is $82.42 and its 200 day moving average price is $91.00. Strategic Education has a twelve month low of $74.28 and a twelve month high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $303.59 million for the quarter, compared to the consensus estimate of $300.67 million. During the same quarter last year, the firm posted $1.11 earnings per share. Strategic Education’s revenue was up 4.6% on a year-over-year basis. Equities analysts predict that Strategic Education will post 4.79 EPS for the current year.

Insider Activity

In other news, Director Robert R. Grusky sold 1,494 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the transaction, the director now directly owns 11,349 shares in the company, valued at approximately $910,984.23. This represents a 11.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 140,281 shares in the company, valued at $13,723,690.23. This represents a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,826 shares of company stock worth $3,945,093 over the last 90 days. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education in the third quarter valued at about $37,000. R Squared Ltd acquired a new position in shares of Strategic Education in the 4th quarter worth approximately $42,000. Smartleaf Asset Management LLC increased its holdings in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock valued at $44,000 after acquiring an additional 383 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Strategic Education by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after acquiring an additional 623 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in Strategic Education during the fourth quarter worth $96,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.