K12 Inc. (NYSE:LRN) announced its quarterly earnings results on Thursday. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01, MarketBeat Ratings reports. The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share.

An institutional investor recently raised its position in K12 stock. Simplex Trading boosted its position in K12 Inc. (NYSE:LRN) by 1,900.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 20 shares of the company’s stock after buying an additional 19 shares during the period.

K12 (NYSE:LRN) traded up 7.96% during mid-day trading on Thursday, hitting $8.41. 85,675 shares of the stock were exchanged. The company has a 50-day moving average of $8.49 and a 200-day moving average of $11.46. K12 has a 52 week low of $7.11 and a 52 week high of $17.71. The stock has a market capitalization of $313.50 million and a PE ratio of 64.69.

Separately, Zacks Investment Research raised shares of K12 from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, October 16th.

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.

12 Month Chart for NYSE:LRN

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for K12 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K12 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.