Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $20.00

Lincoln Educational Services (NASDAQ:LINC) had its target price raised by Barrington Research from $16.00 to $20.00 in a research note released on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for Lincoln Educational Services’ Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.54 EPS and FY2025 earnings at $0.69 EPS.

A number of other brokerages also recently weighed in on LINC. B. Riley boosted their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities boosted their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Lincoln Educational Services Trading Down 3.8 %

Shares of LINC stock opened at $16.25 on Monday. Lincoln Educational Services has a 12-month low of $8.78 and a 12-month high of $18.74. The company has a market capitalization of $511.55 million, a P/E ratio of 50.78, a P/E/G ratio of 2.09 and a beta of 1.41. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $12.79 and a 200 day moving average price of $12.26.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.68% and a net margin of 2.33%. The company had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. During the same period in the prior year, the firm posted $0.11 earnings per share. Research analysts forecast that Lincoln Educational Services will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.04, for a total transaction of $27,330.80. Following the completion of the transaction, the insider now owns 874,140 shares in the company, valued at approximately $10,524,645.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LINC. Gladius Capital Management LP acquired a new position in Lincoln Educational Services during the second quarter valued at approximately $33,000. BNP Paribas Financial Markets grew its holdings in Lincoln Educational Services by 60.2% during the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after purchasing an additional 4,217 shares during the period. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services in the third quarter valued at approximately $121,000. The Manufacturers Life Insurance Company acquired a new position in shares of Lincoln Educational Services in the second quarter valued at approximately $123,000. Finally, Rhumbline Advisers boosted its holdings in shares of Lincoln Educational Services by 36.0% in the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after buying an additional 10,095 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

About Lincoln Educational Services

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.