Stride (NYSE:LRN) Price Target Raised to $145.00

Stride (NYSE:LRN) had its price target upped by Canaccord Genuity Group from $135.00 to $145.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms also recently weighed in on LRN. BMO Capital Markets raised their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Barrington Research raised their target price on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Stock Down 1.6 %

LRN stock opened at $118.16 on Tuesday. Stride has a one year low of $56.17 and a one year high of $145.00. The stock has a market capitalization of $5.15 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a fifty day moving average of $126.80 and a 200-day moving average of $104.05.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, analysts expect that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after acquiring an additional 69,888 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after acquiring an additional 375,686 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Stride by 27.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock worth $155,251,000 after acquiring an additional 323,275 shares during the last quarter. Geode Capital Management LLC lifted its position in Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after buying an additional 5,694 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after buying an additional 314,435 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

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.