Stride (NYSE:LRN) Stock Rating Reaffirmed by Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued on Wednesday, Benzinga reports. They presently have a $75.00 price objective on the stock. Barrington Research’s target price would indicate a potential upside of 19.35% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Wedbush reiterated an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley upped their price objective on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Citigroup boosted their target price on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $71.75.

Stride Stock Up 8.0 %

Shares of LRN stock traded up $4.64 during trading hours on Wednesday, reaching $62.84. 893,750 shares of the company’s stock were exchanged, compared to its average volume of 760,459. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.73 billion, a PE ratio of 15.97, a PEG ratio of 0.67 and a beta of 0.26. The stock’s fifty day moving average price is $60.31 and its two-hundred day moving average price is $58.16.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. Stride’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Research analysts predict that Stride will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Stride

Large investors have recently made changes to their positions in the stock. Ronald Blue Trust Inc. boosted its holdings in Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 449 shares during the period. SG Americas Securities LLC grew its holdings in shares of Stride by 18.5% in the third quarter. SG Americas Securities LLC now owns 19,987 shares of the company’s stock valued at $900,000 after purchasing an additional 3,119 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Stride by 126.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,169 shares of the company’s stock worth $1,539,000 after buying an additional 19,068 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Stride in the 3rd quarter valued at approximately $428,000. Finally, TD Asset Management Inc acquired a new position in shares of Stride in the third quarter worth $207,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.