Strategic Education (NASDAQ:STRA) Price Target Increased to $75.00 by Analysts at Truist Financial

Strategic Education (NASDAQ:STRA – Get Rating) had its target price raised by stock analysts at Truist Financial from $65.00 to $75.00 in a report issued on Thursday, The Fly reports. Truist Financial’s price objective would suggest a potential upside of 1.24% from the stock’s previous close.

Several other equities analysts have also commented on STRA. StockNews.com started coverage on shares of Strategic Education in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Barrington Research upped their price objective on shares of Strategic Education from $75.00 to $85.00 in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on Strategic Education from $75.00 to $81.00 and gave the company a “maintains” rating in a research note on Thursday.

Strategic Education Price Performance

Shares of NASDAQ STRA traded up $1.77 during mid-day trading on Thursday, reaching $74.08. 3,608 shares of the company traded hands, compared to its average volume of 158,910. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $1.85 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.59 and a beta of 0.44. Strategic Education has a fifty-two week low of $48.01 and a fifty-two week high of $83.34. The stock has a fifty day simple moving average of $66.38 and a 200-day simple moving average of $63.45.

Strategic Education (NASDAQ:STRA – Get Rating) last issued its earnings results on Wednesday, July 27th. The health services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.12). The business had revenue of $273.56 million for the quarter, compared to analyst estimates of $275.88 million. Strategic Education had a net margin of 4.78% and a return on equity of 5.38%. Strategic Education’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. Equities research analysts anticipate that Strategic Education will post 2.9 EPS for the current fiscal year.

Institutional Trading of Strategic Education

A number of institutional investors have recently made changes to their positions in STRA. Marshfield Associates raised its holdings in shares of Strategic Education by 28.1% in the 4th quarter. Marshfield Associates now owns 1,947,990 shares of the health services provider’s stock valued at $112,672,000 after buying an additional 426,776 shares during the period. Kempen Capital Management N.V. raised its stake in Strategic Education by 19.8% during the 1st quarter. Kempen Capital Management N.V. now owns 1,010,202 shares of the health services provider’s stock valued at $67,056,000 after acquiring an additional 166,895 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Strategic Education by 53.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 394,071 shares of the health services provider’s stock worth $26,158,000 after buying an additional 137,148 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Strategic Education by 149.3% during the 1st quarter. Victory Capital Management Inc. now owns 202,401 shares of the health services provider’s stock worth $13,075,000 after buying an additional 121,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Strategic Education by 19.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 659,560 shares of the health services provider’s stock valued at $43,783,000 after purchasing an additional 105,375 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

About Strategic Education

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.