Strategic Education (NASDAQ:STRA) Given New $145.00 Price Target at Truist Financial

Strategic Education (NASDAQ:STRA) had its price objective hoisted by equities researchers at Truist Financial from $125.00 to $145.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the health services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 19.78% from the stock’s previous close.

A number of other research firms also recently commented on STRA. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Barrington Research increased their price target on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets increased their price target on Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Bank of America increased their price target on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $131.75.

Strategic Education Stock Up 3.4 %

NASDAQ STRA opened at $121.06 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.49. The company has a market capitalization of $2.98 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.40 and a beta of 0.50. Strategic Education has a one year low of $64.53 and a one year high of $121.29. The stock has a 50 day moving average price of $101.89 and a 200-day moving average price of $94.27.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. The firm had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. As a group, equities analysts predict that Strategic Education will post 4.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now owns 161,359 shares in the company, valued at $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the sale, the chief financial officer now owns 71,770 shares in the company, valued at $6,886,331.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

A number of hedge funds and other institutional investors have recently made changes to their positions in STRA. Envestnet Asset Management Inc. grew its position in shares of Strategic Education by 155.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock worth $29,803,000 after buying an additional 241,168 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Strategic Education by 6,377.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock worth $16,459,000 after buying an additional 175,431 shares in the last quarter. Norges Bank bought a new position in shares of Strategic Education during the 4th quarter worth $13,511,000. Goldman Sachs Group Inc. grew its position 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 worth $23,406,000 after buying an additional 128,961 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Strategic Education by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock worth $123,287,000 after buying an additional 65,507 shares in the last quarter. Institutional investors 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.