Truist Financial Boosts Strategic Education (NASDAQ:STRA) Price Target to $145.00

Strategic Education (NASDAQ:STRA) had its price objective boosted by equities research analysts at Truist Financial from $125.00 to $145.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the health services provider’s stock. Truist Financial’s price objective points to a potential upside of 21.94% from the company’s previous close.

Several other research firms have also recently commented on STRA. Bank of America lifted 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. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. BMO Capital Markets lifted 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. Barrington Research lifted their price objective on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Strategic Education Price Performance

Shares of STRA stock traded up $1.87 during mid-day trading on Friday, reaching $118.91. The stock had a trading volume of 117,149 shares, compared to its average volume of 95,458. Strategic Education has a 12-month low of $64.53 and a 12-month high of $119.49. The company has a market cap of $2.93 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The business has a 50-day simple moving average of $101.37 and a 200 day simple moving average of $93.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The business had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. On average, sell-side analysts anticipate that Strategic Education will post 4.61 earnings per share for the current year.

Insider Buying and Selling

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in Strategic Education during the 4th quarter worth $73,000. VisionPoint Advisory Group LLC boosted its position in Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the period. TFO Wealth Partners LLC boosted its position in Strategic Education by 118,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock worth $109,000 after acquiring an additional 1,180 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Strategic Education during the fourth quarter valued at $236,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Strategic Education during the fourth quarter valued at $272,000. 93.27% of the stock is currently owned by institutional investors.

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.