Barrington Research Boosts Stride (NYSE:LRN) Price Target to $100.00

Stride (NYSE:LRN) had its price objective increased by research analysts at Barrington Research from $90.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective would suggest a potential upside of 14.04% from the stock’s previous close.

Several other brokerages have also issued reports on LRN. Citigroup lowered shares of Stride from a “buy” rating to a “neutral” rating and increased their target price for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. BMO Capital Markets increased their target price on shares of Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Canaccord Genuity Group assumed coverage on shares of Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Stride Trading Up 36.0 %

NYSE LRN traded up $23.20 on Wednesday, hitting $87.69. The company’s stock had a trading volume of 6,197,464 shares, compared to its average volume of 810,080. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38. Stride has a 1-year low of $43.90 and a 1-year high of $88.61. The company’s 50-day moving average is $79.16 and its 200 day moving average is $72.54. The firm has a market cap of $3.79 billion, a PE ratio of 20.63, a PEG ratio of 0.74 and a beta of 0.26.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Stride will post 5.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Several hedge funds have recently bought and sold shares of the stock. Motco bought a new stake in shares of Stride in the 1st quarter worth approximately $74,000. EntryPoint Capital LLC bought a new stake in shares of Stride in the 1st quarter worth approximately $77,000. nVerses Capital LLC bought a new stake in shares of Stride in the 2nd quarter worth approximately $78,000. Mendota Financial Group LLC bought a new stake in shares of Stride in the 3rd quarter worth approximately $86,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Stride by 38.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock worth $173,000 after acquiring an additional 754 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Company Profile

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.