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

Lincoln Educational Services (NASDAQ:LINC) had its price objective hoisted 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 research analysts have also issued reports on LINC. Rosenblatt Securities raised their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. B. Riley raised their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lincoln Educational Services presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Lincoln Educational Services Stock Performance

NASDAQ:LINC opened at $16.25 on Monday. Lincoln Educational Services has a 1 year low of $8.78 and a 1 year high of $18.74. The firm’s fifty day simple moving average is $12.79 and its 200 day simple moving average is $12.26. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $511.55 million, a PE ratio of 50.78, a PEG ratio of 2.09 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.68%. The firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, sell-side analysts anticipate that Lincoln Educational Services will post 0.54 EPS for the current year.

Insider Activity

In other news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of Lincoln Educational Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $12.02, for a total transaction of $235,724.22. Following the sale, the insider now directly owns 876,410 shares in the company, valued at approximately $10,534,448.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.80% of the stock is owned by company insiders.

Institutional Trading of Lincoln Educational Services

Several institutional investors have recently made changes to their positions in the business. Herr Investment Group LLC boosted its position in shares of Lincoln Educational Services by 3.9% during the 1st quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock valued at $24,335,000 after acquiring an additional 88,335 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Lincoln Educational Services by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after purchasing an additional 136,334 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lincoln Educational Services by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after purchasing an additional 50,737 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Lincoln Educational Services by 25.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Lincoln Educational Services by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after purchasing an additional 72,400 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.