K12 Inc (NYSE:LRN) Comprehensive Income At $-1.065 For Period Ended 2015-06-30

For the year ended 2015-06-30, K12 Inc (NYSE:LRN)comprehensive income was $-1.065 millions while for the quarter ended 2015-06-30, it was $-1.065 millions.

K12 Inc (NYSE:LRN) posted $9.326 millions on consolidated net income/loss for the year ended 2015-06-30. For the quarter ended 2015-06-30, it came at $9.326 millions.

Cost of goods sold

For the year ended 2015-06-30, K12 Inc (NYSE:LRN) spent $607.756 millions as the costs of goods sold, which stood at $607.756 millions for the quarter ended 2015-06-30. Cost of goods sold are the direct costs related to the production of the products sold by a firm. This includes the materials costs used in manufacturing the good in addition to the direct labor costs deployed to manufacture the good. It discounts indirect expenses including sales force costs and distribution costs. Cost of goods sold comes on the income statement and it can be reduced from revenue to compute a company’s gross margin. It is also known as “cost of sales.”

Deferred revenue

K12 Inc (NYSE:LRN) concluded the year ended 2015-06-30 with current deferred revenue of $24.927 millions, which amounted to $24.927 millions for the quarter ended 2015-06-30.

K12 Inc (NYSE:LRN) reported $7.692 millions for the year ended 2015-06-30. This figure for the quarter ended 2015-06-30 was $7.692 millions.

EBIT and EBIT margins

For the year ended 2015-06-30 and quarter 2015-06-30, K12 Inc (NYSE:LRN) reported EBIT of $18.4271 millions and $18.4271 millions, respectively.

K12 Inc (NYSE:LRN) posted EBIT margin of 18.4271% and 18.4271% for the year ended 2015-06-30 and quarter ended 2015-06-30, respectively.

EBIT measures the profitability of a firm without considering its tax implications or cost of capital. It helps reduce these two variables that can vary from firm to firm, and allows one to evaluate operating profitability as a particular measure of performance. This analysis is mainly important when assessing similar firms across a single industry. EBIT margin is a computation of a firm’s profit which is computed as EBIT divided by net revenue.

EBITDA and EBITDA margins

K12 Inc (NYSE:LRN) reported EBITDA of $18.4271 millions for the year ended 2015-06-30. EBITDA for the quarter ended 2015-06-30 was 18.4271 millions. For the year ended 2015-06-30 EBITDA margin came at 18.4271%

Book value

Book-value per share for K12 Inc (NYSE:LRN) for the year ended 2015-06-30 was $14.0065. For the quarter ended 2015-06-30, the book value was $14.0065.

Common shares count

Common shares count at the end of the year ended 2015-06-30 was 38.335. For the quarter ended 2015-06-30, there were 38.335 common shares outstanding.

Idaho Technical Career Academy Relaunches to Help Meet State’s Job Growth Surge

Idaho’s only CTE-focused online public school provides technical and specialty trade job skills for high school students

06:00 ET
from Idaho Technical Career Academy

BOISE, Idaho, May 12, 2016 /PRNewswire-USNewswire/ — Board members of the Idaho Career and College Readiness Academy, along with partner K12 Inc., (NYSE: LRN), the nation’s leading provider of online education programs for students in kindergarten through high school, today announced that they are changing the name of their online technical high school for students in Idaho. The school will now be known as Idaho Technical Career Academy (ITCA).

Idaho Technical Career Academy is an important education option for Idaho students, especially following recent reports from both the Department of Labor and federal Bureau of Labor Statistics that identify the state of Idaho as the state experiencing the fastest job growth in the past year. Employment in Idaho has increased 3.6 percent between March 2015 and March 2016.

The surge of job opportunities in Idaho will need to be met. ITCA is an online public charter school that provides opportunities for students to obtain technical and specialty trade skills by offering four years of occupational training in an industry pathway of their choice. Courses are delivered online and students earn can earn industry-recognized certifications and college credits to give them a post-graduation edge.  

The Idaho Technical Career Academy (ITCA) provides four programs option for students in key industries of growth in the state: Business Administration, Automated Manufacturing, Web Design, and Health Science. The intent of the school is to develop a sequence of instruction that teaches students occupational skills while ultimately providing a pathway to job opportunities or to a technical college program upon graduation. 

“We want our students to graduate from ITCA with the skill set necessary to earn one of the many new jobs in our state, so we really prepare the whole package” said Monti Pittman, Head of School for Idaho Technical Academy. “It’s academics and training, but also the skills used in every career, like resume writing and interviewing techniques.”

“With the growing demand for skilled laborers, we are thrilled by the career and technical focus of ITCA,” said Kerry Wysocki, ITCA Board Chairman and general manager of Northwest Machining and Manufacturing, Inc. “We have such a need for qualified technical workers that we know these students will have a bright future ahead of them.”

ITCA’s digital learning expands the reach and opportunities for students – the online school will equip students with vital technical skills that will prepare them to succeed in the workplace regardless of where they reside in Idaho. Additionally, the online school provides a flexible learning environment that enables students the opportunity to partner with professionals and companies to apply the skills they are learning in a specific industry.

In addition to the industry-focused curriculum, ITCA offers students state-of-the-art academic coursework and content using K12’s nationally-acclaimed, award-winning curriculum and learning programs. K12’s personalized academic programs are designed to work for all types of students, from advanced learners to students with special needs. Certified teachers will provide instruction, guidance and support, and will interact regularly with students using innovative technology and web-based classrooms. 

To help families learn more about the program, ITCA will host information sessions and community events around the state, as well as several online information sessions. For details, visit the school website: http://itca.k12.com/

About Idaho Technical Academy
Idaho Technical Academy (ITCA) is a full-time online public school program that serves students in grades 9 through 12 statewide. As part of the Idaho public school system, ITCA is tuition-free, giving parents and families the choice to access the award-winning curriculum and tools provided by K12 Inc. (NYSE:  LRN), the nation’s largest provider of proprietary curriculum and online education programs. For more information about ITCA, visit http://itca.k12.com/.    

Logo – http://photos.prnewswire.com/prnh/20160511/366772LOGO

SOURCE Idaho Technical Career Academy

Related Links

http://itca.k12.com

K12 Inc. (NYSE:LRN) Reports Bad News, But Blames Contract Changes

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The management of K12 Inc. (NYSE:LRN) has attempted to explain why its headline result for F3Q2016 couldn’t match a similar quarter last year: changes in a major client account. Revenue in F3Q2016 as well as in the nine months to March 2016 fell compared to a similar period a year earlier because of the same reason.

The affected client account was that of Agora Cyber Charter School. K12 Inc. (NYSE:LRN) said that contracted moved to Non-managed from Managed program, thus causing revenue disruption.

What was the report for 1Q?

K12 Inc. (NYSE:LRN)’s F3Q2016 revenue of $221.3 million marked a pullback from $224.6 million in a similar quarter a year ago. Non-GAAP EBITDA of $36.7 million also fell from $45.2 million in the previous year.

Almost all of K12’s key financial metrics fell in the latest quarter compared to a year ago because operating income of $19.1 million was down from $27.4 million in 1Q2015. Net income attributable to common shareholders contracted to $14.3 million from $17 million and diluted EPS attributable to common shareholders shrunk to $0.37 from $0.45.

What about the nine months to end of March?

The narrative was largely the same. Revenue of $651.4 million in the first nine months of F2016 was down from $712.6 million in the first nine months of F2015. Non-GAAP EBITDA of $64 million pulled back from $87 million and operating income of $13.4 million sharply down from $34.7 million.

K12 Inc. (NYSE:LRN) further reported that net income attributable to common shareholders of $10 million was down from $22.6 million in the initial nine months of F2015. The same story went for diluted EPS attributable to shareholders that came in at $0.26 relative to $0.60 in the initial nine months of F2015.

Performance in line with expectations

Despite the pullback in both the results of F3Q2016 and the first nine months of F2015, CEO, Stuart Udell, insisted that the company continues to achieve results according to its guidance for the year. Perhaps that is another way of saying that the transition of the Agora Cyber Charter School contract was expected and had been baked in the projections for the year.

What about the future?

For F4Q2016, K12 Inc. (NYSE:LRN) is looking for revenue in the band of $205 to $215 million. Operating income for the quarter is expected to be between $5 million and $9 million.

Hot News: K12, Inc. (NYSE:LRN), Barnes & Noble, Inc. (NYSE:BKS), Media General Inc (NYSE:MEG), SolarCity Corporation (NASDAQ:SCTY), Marketo, Inc. (NASDAQ:MKTO)

Hot News: K12, Inc. (NYSE:LRN), Barnes & Noble, Inc. (NYSE:BKS), Media General Inc (NYSE:MEG), SolarCity Corporation (NASDAQ:SCTY), Marketo, Inc. (NASDAQ:MKTO)

K12, Inc. (NYSE:LRN) on Wednesday reported fiscal third-quarter earnings of $14.3 million. On a per-share basis, the Herndon, Virginia-based company said it had profit of 37 cents. The online education company posted revenue of $221.3 million in the period. K12 expects full-year revenue in the range of $205 million to $215 million.
K12, Inc. (NYSE:LRN)’s stock on 27 April traded at beginning with a price of $11.05 and when day-trade ended the stock finally increased 15.90% to end at $12.10. K12, Inc. (NYSE:LRN)’s showed weekly performance of 18.16%.

Barnes & Noble, Inc. (NYSE:BKS) Founder & Chairman, Leonard Riggio, said he will retire as chairman of the company following the annual shareholder meeting currently planned for September, and intends to remain on its board of directors. “I’ve done everything I have wanted to do in business and now it is time for me to pursue the many other endeavors related to my philanthropic and social interests,” Riggio said.
On Wednesday Barnes & Noble, Inc. (NYSE:BKS)’s shares closed at $12.36. Barnes & Noble, Inc. (NYSE:BKS) monthly performance stands at 0.53% while its year to date performance is 46.13%.

Media General Inc (NYSE:MEG) will report its first quarter 2016 earnings results before the market opens on May 6, 2016. The Company will host a conference call to discuss the earnings release that morning at 10:00 a.m. (ET). The conference call-in number is 1-888-218-8172 for U.S. callers and 1-913-312-0391 for international callers.
Media General Inc (NYSE:MEG) shares decreased -0.34% on last trading day to close the day at $17.35. Company price to sale ratio is 1.70 and has 0.90% insider ownership. Media General Inc (NYSE:MEG) belongs to Services sector.

SolarCity Corporation (NASDAQ:SCTY) announced that it will issue its first quarter 2016 earnings report after the market’s close on Monday, May 9, 2016. A conference call has been scheduled to discuss these results at 2:00 p.m. (Pacific Time).

On last trading day SolarCity Corporation (NASDAQ:SCTY) increased 0.94% to close at $33.31. SCTY is -5.00% away from its 52 week high and is moving 47.30% ahead of its 52 week low. SolarCity Corporation (NASDAQ:SCTY) return on investment (ROI) is -17.40% while return on equity (ROE) is -7.30%.

Marketo, Inc. (NASDAQ:MKTO) on Tuesday reported a loss of $18.4 million in its first quarter. The San Mateo, California-based company said it had a loss of 42 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 17 cents per share. The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 17 cents per share.
Marketo, Inc. (NASDAQ:MKTO) on Wednesday closed at $20.73. Stock institutional ownership is 96.00% while insider ownership includes 1.40%. Marketo, Inc. (NASDAQ:MKTO) distance from 50-day simple moving average (SMA50) is 13.13%.

K12 Inc (NYSE:LRN) Reported Basic Consolidated EPS Of $0.2498

April 21, 2016 1:55 pm

The yearly basic consolidated EPS for K12 Inc (NYSE:LRN) for the period ended 2015-06-30 was $0.2498. For the quarter ended 2015-06-30, the basis consolidated EPS was $0.2498.

EPS from continuing operations

The basic EPS from continuing operations as reported by K12 Inc (NYSE:LRN) for the period ended 2015-06-30 was $0.2498. For the quarter ended 2015-06-30, the respective number stood at $0.2498.

For any stock there may be numerous brokerage analysts tracking the company and releasing EPS projections. For over 20 years, Zacks has been following individual sell-side analyst projections and setting consensus EPS targets. The consensus projection is the mean of all the current projections made available by brokerages. Consensus estimates are considerably advantageous because they mitigate the risk of any single market analyst making an inaccurate forecast.

EPS contribution from parent

For the annual period closed 2015-06-30, K12 Inc (NYSE:LRN) received basic EPS of $0.2943 from its parent firm. On quarterly basis, the contribution from the parent firm for the period ended 2015-06-30 was $0.2943.

Basic net EPS

For the annual period closed 2015-06-30, K12 Inc (NYSE:LRN) posted basic net EPS of $0.29. On quarterly basis, the firm’s basic net per-share earnings for the quarter closed 2015-06-30 stood at $0.29.

Consolidated diluted EPS

The annual consolidated diluted per-share earnings reading for the period closed 2015-06-30 stood at $0.2479. For the quarter ended 2015-06-30, consolidated diluted EPS was $0.2479.

Basic diluted EPS

For the period ended 2015-06-30, diluted EPS number from continuing operation was $0.2479. For the quarter ended 2015-06-30, the respective number stood at $0.2479.

Net diluted EPS

Net diluted EPS number for the annual period closed 2015-06-30 was $0.29. For the quarter ended 2015-06-30, net diluted EPS was $0.29.

Diluted EPS from parent

From the parent company, K12 Inc (NYSE:LRN) obtained diluted EPS of $0.292 for the period ended 2015-06-30. On quarterly basis, the diluted EPS payment from the parent firm for the quarter ended 2015-06-30 was $0.292.

K12 Inc (NYSE:LRN) posted net basic EPS of $0.29 for the annual period closed 2015-06-30. For the quarter, this basic net EPS came at $0.29 for the quarter closed 2015-06-30.

The average basic shares outstanding for the fiscal ended 2015-06-30 is 37.331 while for the quarter closed 2015-06-30 is 37.331.

The diluted shares outstanding for the twelve-monthly period ended 2015-06-30 is 37.625 while for the quarter closed 2015-06-30 is 37.625.

Author: Enterprise Staff

K12 Inc (NYSE:LRN) $195.852 In Cash And Short-Term Investments As On 2015–0-6-30

By Stocks Daily StaffApril 14, 2016

K12 Inc (NYSE:LRN) reported accounts payable of $29.819 millions for the annual period ended 2015–0-6-30. The accounts payable for the quarter ended 2015–0-6-30 was $29.819 millions.

The change in accounts payable of K12 Inc (NYSE:LRN) at the end of the annual period ended 2015–0-6-30 was $-1.192 millions. For the quarter ended 2015–0-6-30 change in accounts payable stood at $-1.192 millions.

The current Deferred tax assets for the fiscal year 2015–0-6-30 stood at $8.989 millions. While for the quarter ended 2015–0-6-30 the current Deferred tax assets was $8.989 millions.

The change in assets and liabilities for the fiscal year ended 2015–0-6-30 stood at -5.909 millions. And the change during the quarter ended 2015–0-6-30 stood at $-5.909 millions.

Days sales in receivables ie., the average number of days it takes to collect outstanding receiveable amounts from customers for the fiscal year ended 2015–0-6-30 was 72.4562. While for the quarter ended 2015–0-6-30 it stood at 72.4562.

The change in the accounts receivables for the annual and quarter ended 2015–0-6-30 and 2015–0-6-30 was $-1.892 millions and $-1.892 millions respectively.

The change in inventory for the fiscal year ended 2015–0-6-30 was $2.853 millions, while for the quarter ended 2015–0-6-30 it stood at $2.853 millions.

The current portion of the outstanding debt for the fiscal year ended 2015–0-6-30 is 1.5 millions. And the outstanding debt for quarter ended 2015–0-6-30 is $1.5 millions.

K12 Inc (NYSE:LRN) Institutional Investors Quarterly Sentiment

Sentiment for K12 Inc (NYSE:LRN)

K12 Inc (NYSE:LRN) institutional sentiment decreased to 1.08 in 2015 Q3. Its down -0.12, from 1.2 in 2015Q2. The ratio is negative, as 73 investment professionals increased and started new positions, while 61 sold and reduced their stakes in K12 Inc. The investment professionals in our partner’s database now have: 29.54 million shares, down from 29.55 million shares in 2015Q2. Also, the number of investment professionals holding K12 Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 17 Reduced: 44 Increased: 51 New Position: 22.

K12 Inc. is a technology-based education company. The company has a market cap of $383.08 million. The Firm offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It has 339.36 P/E ratio. It provides a range of technology educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

The stock closed at $9.95 during the last session. It is down 22.57% since August 27, 2015 and is downtrending. It has underperformed by 26.52% the S&P500.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 EPS, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $11.94M for 8.02 P/E if the $0.31 EPS becomes reality. After $0.23 actual EPS reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.#img1#

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K12 Inc. – (NYSE:LRN)

A Reversal for K12 Inc. Is Not Near. The Stock Declines Again

The stock of K12 Inc. (NYSE:LRN) is a huge mover today! The stock decreased 3.00% or $0.3 on February 17, hitting $9.69. About 419,732 shares traded hands or 102.68% up from the average. K12 Inc. (NYSE:LRN) has declined 27.61% since July 13, 2015 and is downtrending. It has underperformed by 17.89% the S&P500.
The move comes after 5 months negative chart setup for the $385.28M company. It was reported on Feb, 17 by Barchart.com. We have $8.53 PT which if reached, will make NYSE:LRN worth $46.23 million less.

Analysts await K12 Inc. (NYSE:LRN) to reports earnings on April, 26. They expect $0.31 earnings per share, down 31.11% or $0.14 from last year’s $0.45 per share. LRN’s profit will be $12.33 million for 7.81 P/E if the $0.31 EPS becomes reality. After $0.23 actual earnings per share reported by K12 Inc. for the previous quarter, Wall Street now forecasts 34.78% EPS growth.

According to Zacks Investment Research, “K12 Inc., a technology-based education company, is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade, or K-12. Its mission is to maximize a child’s potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background.”

The institutional sentiment increased to 1.2 in 2015 Q3. Its up 0.05, from 1.15 in 2015Q2. The ratio increased, as 17 funds sold all K12 Inc. shares owned while 44 reduced positions. 22 funds bought stakes while 51 increased positions. They now own 29.54 million shares or 0.02% less from 29.55 million shares in 2015Q2.

Technology Crossover Management Vii Ltd. holds 3.28% of its portfolio in K12 Inc. for 4.00 million shares. Kestrel Investment Management Corp owns 390,700 shares or 1.69% of their US portfolio. Moreover, Highland Capital Management Lp has 1.07% invested in the company for 2.94 million shares. The Pennsylvania-based Tfs Capital Llc has invested 0.61% in the stock. Globeflex Capital L P, a California-based fund reported 155,935 shares.

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K12 Inc. – (NYSE:LRN)

K12 Inc. (LRN) Shares Bought by Acadian Asset Management

Acadian Asset Management increased its position in shares of K12 Inc. (NYSE:LRN) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 813,788 shares of the company’s stock after buying an additional 11,120 shares during the period. Acadian Asset Management’s holdings in K12 were worth $7,160,000 as of its most recent SEC filing.

K12 Inc. (NYSE:LRN) traded up 4.26% during mid-day trading on Friday, reaching $9.80. 145,984 shares of the company’s stock traded hands. K12 Inc. has a 1-year low of $7.11 and a 1-year high of $17.71. The stock has a market cap of $366.18 million and a P/E ratio of 316.13. The firm has a 50-day moving average price of $8.66 and a 200-day moving average price of $11.12.

K12 (NYSE:LRN) last issued its earnings results on Thursday, January 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. During the same period last year, the business posted $0.33 EPS. The business earned $208.80 million during the quarter, compared to the consensus estimate of $211.54 million. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that K12 Inc. will post $0.34 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, October 22nd.

K12 Inc (NYSE:LRN) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12).

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AlphaMark Advisors LLC Has $1,087,000 Stake in K12 Inc. (LRN)

AlphaMark Advisors LLC raised its position in K12 Inc. (NYSE:LRN) by 208.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,547 shares of the company’s stock after buying an additional 83,547 shares during the period. AlphaMark Advisors LLC owned approximately 0.33% of K12 worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Simplex Trading raised its stake in K12 by 1,900.0% in the fourth quarter. Simplex Trading now owns 20 shares of the company’s stock valued at $0 after buying an additional 19 shares in the last quarter. California State Teachers Retirement System raised its stake in K12 by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 62,600 shares of the company’s stock valued at $551,000 after buying an additional 1,122 shares in the last quarter. Strs Ohio raised its stake in K12 by 33.1% in the fourth quarter. Strs Ohio now owns 70,400 shares of the company’s stock valued at $619,000 after buying an additional 17,500 shares in the last quarter. ClariVest Asset Management LLC raised its stake in K12 by 4.6% in the fourth quarter. ClariVest Asset Management LLC now owns 125,500 shares of the company’s stock valued at $1,105,000 after buying an additional 5,500 shares in the last quarter. Finally, Acadian Asset Management raised its stake in K12 by 1.4% in the fourth quarter. Acadian Asset Management now owns 813,788 shares of the company’s stock valued at $7,160,000 after buying an additional 11,120 shares in the last quarter.

Shares of K12 Inc. (NYSE:LRN) opened at 10.20 on Wednesday. The company’s 50 day moving average is $8.55 and its 200 day moving average is $11.31. The firm has a market cap of $381.12 million and a price-to-earnings ratio of 329.03. K12 Inc. has a 52-week low of $7.11 and a 52-week high of $17.71.

K12 (NYSE:LRN) last announced its quarterly earnings data on Thursday, January 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company earned $208.80 million during the quarter, compared to the consensus estimate of $211.54 million. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Analysts anticipate that K12 Inc. will post $0.34 earnings per share for the current year.

Separately, Zacks Investment Research upgraded shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, October 22nd.

K12 Inc. (NYSE:LRN) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a range of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families. The Company offers a set of products and services primarily to three lines of business, which include public school programs, which consists of managed programs and non-managed programs, Institutional Sales, which includes educational products and services sold to school districts, public schools and other educational institutions that it does not manage and international and private pay schools, which consists of private schools. The Company offers a range of learning applications, which include mobile learning, interactive games, virtual labs, e-book and digital book distribution.

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