Stride (NYSE:LRN) Price Target Increased to $100.00 by Analysts at Barrington Research

Stride (NYSE:LRN) had its price objective upped by Barrington Research from $90.00 to $100.00 in a report issued on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on LRN. Canaccord Genuity Group boosted their target price on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. Finally, BMO Capital Markets lifted 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.50.

Stride Price Performance

Shares of NYSE:LRN opened at $89.72 on Wednesday. The firm has a 50 day moving average of $79.30 and a 200-day moving average of $72.66. Stride has a 12 month low of $43.90 and a 12 month high of $89.84. 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 stock has a market capitalization of $3.88 billion, a PE ratio of 21.06, a PEG ratio of 0.74 and a beta of 0.26.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LRN. Motco bought a new stake in shares of Stride during the first quarter worth about $74,000. EntryPoint Capital LLC purchased a new stake in shares of Stride in the first quarter valued at about $77,000. nVerses Capital LLC purchased a new position in Stride during the second quarter worth about $78,000. Mendota Financial Group LLC purchased a new position in shares of Stride during the 3rd quarter valued at $86,000. Finally, Advisors Asset Management Inc. increased its holdings in 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. 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.