Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $14.00

Lincoln Educational Services (NASDAQ:LINC) had its price objective lifted by Barrington Research from $13.00 to $14.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock. Barrington Research also issued estimates for Lincoln Educational Services’ Q2 2024 earnings at ($0.01) EPS, Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $0.54 EPS.

A number of other brokerages have also weighed in on LINC. StockNews.com upgraded shares of Lincoln Educational Services from a hold rating to a buy rating in a research report on Saturday, March 2nd. Rosenblatt Securities reaffirmed a buy rating and issued a $13.50 target price on shares of Lincoln Educational Services in a report on Monday, April 29th. Finally, B. Riley reissued a buy rating and set a $14.00 price target (up from $12.00) on shares of Lincoln Educational Services in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $14.38.

Lincoln Educational Services Trading Up 5.5 %

Shares of NASDAQ:LINC opened at $12.55 on Monday. Lincoln Educational Services has a 12-month low of $5.70 and a 12-month high of $13.03. The company has a market cap of $394.70 million, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33. The stock has a 50 day moving average of $10.23 and a 200 day moving average of $9.72. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.10.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. The company had revenue of $102.52 million for the quarter, compared to analysts’ expectations of $97.78 million. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, equities research analysts expect that Lincoln Educational Services will post 0.41 EPS for the current year.

Insiders Place Their Bets

In other news, Director J Barry Morrow sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total value of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares of the company’s stock, valued at approximately $1,238,942.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of the transaction, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at approximately $1,549,552.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J Barry Morrow sold 5,252 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The disclosure for this sale can be found here. Insiders have sold 583,692 shares of company stock valued at $5,858,793 over the last ninety days. 16.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Lincoln Educational Services by 8.2% during the 1st quarter. Empowered Funds LLC now owns 183,078 shares of the company’s stock worth $1,891,000 after acquiring an additional 13,825 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Lincoln Educational Services by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock worth $4,342,000 after purchasing an additional 5,832 shares during the period. Pullen Investment Management LLC bought a new stake in shares of Lincoln Educational Services during the first quarter worth $1,259,000. BNP Paribas Financial Markets boosted its stake in shares of 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. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Lincoln Educational Services by 29.2% in the first quarter. Rice Hall James & Associates LLC now owns 258,515 shares of the company’s stock worth $2,670,000 after purchasing an additional 58,369 shares during the last quarter. Hedge funds and other institutional investors 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.