Stride (NYSE:LRN) Price Target Raised to $88.00

Stride (NYSE:LRN) had its price objective boosted by stock analysts at BMO Capital Markets from $84.00 to $88.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential downside of 1.46% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. 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 target for the company. Barrington Research increased their price objective on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup cut shares of Stride from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.50.

Stride Trading Down 0.5 %

Stride stock traded down $0.41 during mid-day trading on Thursday, hitting $89.30. The company’s stock had a trading volume of 212,153 shares, compared to its average volume of 819,901. The company has a current ratio of 5.10, a quick ratio of 4.95 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.86 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. Stride has a 1 year low of $50.28 and a 1 year high of $90.29. The stock’s fifty day moving average is $79.30 and its two-hundred day moving average is $72.66.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. On average, analysts anticipate that Stride will post 5.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new stake in Stride in the first quarter worth about $111,377,000. Swedbank AB bought a new stake in Stride during the first quarter worth approximately $60,385,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Stride in the second quarter worth approximately $43,387,000. Victory Capital Management Inc. increased its position in shares of Stride by 1,443.6% during the 2nd quarter. Victory Capital Management Inc. now owns 479,941 shares of the company’s stock valued at $33,836,000 after purchasing an additional 448,849 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Stride by 641.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock worth $32,058,000 after buying an additional 439,911 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

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.