Strategic Education, Inc. (NASDAQ:STRA) Receives $126.00 Average PT from Analysts

Shares of Strategic Education, Inc. (NASDAQ:STRA) have been given an average recommendation of “Buy” by the four research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $126.00.

A number of analysts recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. Truist Financial dropped their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th.

Strategic Education Trading Up 1.1 %

Shares of NASDAQ STRA opened at $93.42 on Friday. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62. The firm’s 50-day moving average price is $95.32 and its 200-day moving average price is $98.15. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.38 and a beta of 0.59.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. On average, equities analysts predict that Strategic Education will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Strategic Education’s dividend payout ratio (DPR) is 45.71%.

Institutional Investors Weigh In On Strategic Education

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in shares of Strategic Education during the second quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB purchased a new position in Strategic Education during the 3rd quarter worth $37,000. Rothschild Investment LLC bought a new stake in Strategic Education during the 2nd quarter valued at $38,000. Innealta Capital LLC purchased a new stake in shares of Strategic Education in the 2nd quarter worth $38,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after buying an additional 125 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

About Strategic Education

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.