Barrington Research Reiterates Outperform Rating for Stride (NYSE:LRN)

Barrington Research restated their outperform rating on shares of Stride (NYSE:LRN) in a research note issued to investors on Friday morning, Benzinga reports. Barrington Research currently has a $90.00 price objective on the stock.

A number of other research firms have also recently commented on LRN. Canaccord Genuity Group initiated coverage on Stride in a research report on Thursday, August 8th. They set a buy rating and a $94.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Stride from $79.00 to $82.00 and gave the company an outperform rating in a research report on Thursday, August 8th. StockNews.com raised Stride from a hold rating to a buy rating in a research report on Friday, August 9th. Citigroup cut shares of Stride from a buy rating to a neutral rating and increased their price objective for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. Finally, Canaccord Genuity Group initiated coverage on shares of Stride in a report on Thursday, August 8th. They issued a buy rating and a $94.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Stride currently has an average rating of Moderate Buy and an average target price of $85.83.

Stride Trading Down 2.1 %

Shares of NYSE:LRN opened at $71.75 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. Stride has a 1 year low of $43.77 and a 1 year high of $88.02. The company has a market cap of $3.10 billion, a P/E ratio of 16.84, a PEG ratio of 0.74 and a beta of 0.26. The stock’s fifty day moving average price is $80.76 and its 200-day moving average price is $72.21.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $534.18 million for the quarter, compared to the consensus estimate of $525.89 million. During the same quarter last year, the firm posted $1.01 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Stride will post 5.05 earnings per share for the current year.

Hedge Funds Weigh In On Stride

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of Stride by 48.9% during the 1st quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock worth $6,698,000 after acquiring an additional 34,682 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in Stride during the first quarter valued at $555,000. Blue Trust Inc. grew its stake in shares of Stride by 795.5% in the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock worth $814,000 after buying an additional 10,254 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Stride in the 1st quarter worth about $5,402,000. Finally, Blair William & Co. IL raised its position in shares of Stride by 13.3% during the 1st quarter. Blair William & Co. IL now owns 77,511 shares of the company’s stock valued at $4,887,000 after buying an additional 9,090 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.