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

Strategic Education (NASDAQ:STRA) had its target price upped by stock analysts at BMO Capital Markets from $86.00 to $91.00 in a note issued to 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 suggest a potential upside of 12.37% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Truist Financial decreased their price target on shares of Strategic Education from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Barrington Research lowered their price target on Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Strategic Education presently has a consensus rating of “Hold” and an average target price of $88.67.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $80.98 on Monday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.75 and a beta of 0.50. The business has a 50-day moving average of $78.16 and a two-hundred day moving average of $80.33. Strategic Education has a fifty-two week low of $69.70 and a fifty-two week high of $87.38.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, April 23rd. The health services provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. The company had revenue of $305.93 million for the quarter, compared to analyst estimates of $329.81 million. During the same period in the prior year, the company posted $1.30 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Strategic Education will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the insider directly owned 65,195 shares in the company, valued at $5,215,600. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Thawley acquired 665 shares of the business’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of $72.71 per share, with a total value of $48,352.15. Following the completion of the acquisition, the director owned 12,154 shares of the company’s stock, valued at approximately $883,717.34. This trade represents a 5.79% increase in their position. The SEC filing for this purchase provides additional information. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Strategic Education

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its position in Strategic Education by 62,355.4% in the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock valued at $117,710,000 after buying an additional 1,465,352 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Strategic Education by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock worth $121,017,000 after buying an additional 7,346 shares in the last quarter. State Street Corp raised its stake in shares of Strategic Education by 0.8% in the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock valued at $70,663,000 after acquiring an additional 6,737 shares during the last quarter. Geode Capital Management LLC raised its position in Strategic Education by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock valued at $48,853,000 after purchasing an additional 1,579 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Strategic Education by 30.6% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.