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Are These The Top Online Education Stocks To Buy In August?

Is now a good time for investors to cash in on these top online education stocks?

online education stocks

Is Now A Good Time To Buy These 2 Top Online Education Stocks?

Education stocks have actually been in quite a good place recently. Most education stocks are related to online services for learning. Since we are all stuck at home due to the coronavirus, these services are certainly on the rise. Most schools are still not offering any in-person classes at the moment. We are still in the midst of the peak of the coronavirus in the United States with no signs of going back to normal soon.

We’ve seen tools used for education like Zoom (ZM Stock Report) rise to new heights in stock price. Online education had already been growing in numbers every year before the virus took over. Now that this has happened to the world, it has only accelerated the number of students using online education services. This means that investors have been looking at education stocks more in recent times.

Many people currently see online education as a more viable way to learn in 2020. So services that help people complete their work easier or provide textbooks etc. are rising. That is why there are many education stocks to watch as August of 2020 comes around. Let’s have a look at two education stocks that have been trending in the market and could have a positive future.

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Top Online Education Stocks To Buy [Or Sell] In August 2020: Chegg

The first education stock to watch is Chegg Inc. (CHGG Stock Report) because of its new highs in the market. Chegg offers textbook rentals, tutoring, and much more through its online services. As of 2019, Chegg had 3.9 million subscribers. It is expected that this number rose much more once 2020 came around. In 2018 alone the company brought in $321 million in revenue. Year to date, CHGG stock is up nearly 90% in the share price.

The ongoing pandemic has caused students to turn to an online way of getting an education. This has caused Chegg to receive many new customers. CHGG stock price was around $40 a share before the pandemic started. Once students turned to the company for educational help, CHGG stock price reached $83.48 a share as of August 4th. From July 29th to August 4th, CHGG stock went up 14.18% in the share price. It started on the 29th at $73.11 a share and ended up at the 4th price of $83.48 a share.

Do you think that CHGG stock price can keep up this momentum? As online education continues to be more relevant over time it is a possibility. Online education won’t just go away once the pandemic slows down, as it has always been a growing medium. That is what specifically makes CHGG stock a potential education stock to buy.

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Top Online Education Stocks To Buy [Or Sell] In August 2020: K12 Inc.

The second education stock to watch, K12 Inc. (LRN Stock Report), has been able to make a dramatic increase in its share price. The company sells online courses for students studying online. It acts as an alternative to in-person classes. The name K12 represents how it offers courses for students from kindergarten all the way to 12th grade. In the fiscal year 2019, K12 Inc. brought in $1.016 billion in revenue. The pandemic caused this education stock to rise much higher than it previously was.

For starters, LRN stock was at around $20 a share before the pandemic began. August 4th at 2 pm EST, LRN stock is at $47.60 a share on average. This means that the LRN stock price is up 138% from where it was before the pandemic. It seems like there is no stop in sight for LRN stock price. Many students have switched over to K12’s educational program because they are unable to attend physical schooling.

What Now

These education stocks show how online education is shaping the future. It is possible we live in a day in the future in which in-person education is not even a thing. It would not be ideal necessarily because some people need to learn in a classroom environment. With that being said many in-person schools are using online education as a part of the curriculum. So no matter what the state of the world is, online education is on the rise. That is why CHGG stock and LRN stock are two education stocks to watch.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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