Strategic Education (NASDAQ:STRA) Price Target Cut to $120.00 by Analysts at Truist Financial

Strategic Education (NASDAQ:STRA) had its price target decreased by analysts at Truist Financial from $145.00 to $120.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the health services provider’s stock. Truist Financial’s target price points to a potential upside of 34.88% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. BMO Capital Markets lowered their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, September 26th. Finally, StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Trading Up 0.2 %

STRA traded up $0.22 during midday trading on Wednesday, hitting $88.97. 30,747 shares of the company were exchanged, compared to its average volume of 129,061. The firm’s 50 day moving average price is $93.10 and its 200-day moving average price is $104.58. Strategic Education has a 1-year low of $76.94 and a 1-year high of $123.62. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.19 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.26 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. The company had revenue of $312.30 million during the quarter, compared to analyst estimates of $308.16 million. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. Strategic Education’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts forecast that Strategic Education will post 4.65 EPS for the current fiscal year.

Insider Transactions at Strategic Education

In other news, Director Viet D. Dinh purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Strategic Education

A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of Strategic Education by 103.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after buying an additional 128,961 shares during the last quarter. Guidance Capital Inc. purchased a new position in Strategic Education in the first quarter worth approximately $449,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Strategic Education by 32.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,911 shares of the health services provider’s stock valued at $407,000 after acquiring an additional 967 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Strategic Education by 18.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,743 shares of the health services provider’s stock valued at $1,639,000 after buying an additional 2,477 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Strategic Education by 78.3% in the first quarter. SG Americas Securities LLC now owns 7,396 shares of the health services provider’s stock valued at $770,000 after buying an additional 3,248 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

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.