Strategic Education (NASDAQ:STRA) Reaches New 12-Month Low Following Weak Earnings

Strategic Education Inc. (NASDAQ:STRA)’s share price reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $68.50 and last traded at $69.4540, with a volume of 1,837 shares. The stock had previously closed at $74.32.

The health services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.23). The firm had revenue of $325.07 million during the quarter, compared to analyst estimates of $326.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barrington Research set a $105.00 price target on Strategic Education in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial lifted their price objective on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets decreased their target price on shares of Strategic Education from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.67.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of Strategic Education by 2,597.1% during the third quarter. Parallel Advisors LLC now owns 2,778 shares of the health services provider’s stock valued at $216,000 after buying an additional 2,675 shares during the period. Alps Advisors Inc. grew its position in shares of Strategic Education by 12.8% during the 3rd quarter. Alps Advisors Inc. now owns 7,014 shares of the health services provider’s stock valued at $545,000 after acquiring an additional 798 shares during the period. Heritage Family Offices LLP purchased a new stake in shares of Strategic Education in the third quarter worth $25,000. VestGen Advisors LLC bought a new stake in Strategic Education during the 3rd quarter valued at approximately $242,000. Finally, Signaturefd LLC increased its holdings in shares of Strategic Education by 120.5% in the third quarter. Signaturefd LLC now owns 1,138 shares of the health services provider’s stock worth $88,000 after purchasing an additional 622 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Trading Down 5.6%

The firm has a market capitalization of $1.56 billion, a PE ratio of 11.47, a PEG ratio of 0.68 and a beta of 0.51. The business’s 50 day simple moving average is $80.14 and its 200 day simple moving average is $80.32.

Strategic Education Company Profile

Strategic Education, Inc (NASDAQ: STRA) is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.