Stride (NYSE:LRN) Earns “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Stride (NYSE:LRN) in a research report sent to investors on Friday, Benzinga reports. They currently have a $90.00 price target on the stock.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets upped their target price on Stride from $79.00 to $82.00 and gave the stock an outperform rating in a report on Thursday, August 8th. StockNews.com raised Stride from a hold rating to a buy rating in a research note on Friday, August 9th. Citigroup downgraded shares of Stride from a buy rating to a neutral rating and lifted their target price for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. Canaccord Genuity Group assumed coverage on shares of Stride in a report on Thursday, August 8th. They set a buy rating and a $94.00 target price on the stock. Finally, Canaccord Genuity Group began coverage on shares of Stride in a research note on Thursday, August 8th. They set a buy rating and a $94.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Stride has an average rating of Moderate Buy and a consensus target price of $85.83.

Stride Price Performance

NYSE:LRN opened at $85.03 on Friday. The firm’s fifty day moving average price is $78.21 and its two-hundred day moving average price is $70.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The company has a market cap of $3.68 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.77 and a beta of 0.26. Stride has a one year low of $43.77 and a one year high of $86.06.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.15. The firm had revenue of $534.18 million for the quarter, compared to analyst estimates of $525.89 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. Equities analysts expect that Stride will post 5.05 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Stride by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Stride in the fourth quarter worth $290,000. Norges Bank bought a new stake in shares of Stride in the fourth quarter valued at $25,594,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Stride in the fourth quarter valued at $625,000. Finally, Trexquant Investment LP purchased a new position in shares of Stride during the 4th quarter valued at $1,752,000. 98.24% of the stock is 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.