Stride’s (LRN) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Stride (NYSE:LRN) in a research report released on Wednesday, Benzinga reports. They currently have a $75.00 price target on the stock.

A number of other brokerages have also weighed in on LRN. StockNews.com upgraded shares of Stride from a hold rating to a buy rating in a research report on Tuesday, April 2nd. Wedbush reiterated an outperform rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. BMO Capital Markets increased their target price on shares of Stride from $71.00 to $72.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Finally, Citigroup raised their price objective on shares of Stride from $70.00 to $75.00 and gave the company a buy rating in a research report on Monday, January 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $71.75.

Stride Stock Performance

Shares of LRN stock opened at $57.57 on Wednesday. The firm has a market capitalization of $2.50 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.67 and a beta of 0.26. The firm has a fifty day simple moving average of $60.56 and a two-hundred day simple moving average of $57.81. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. Stride has a 12 month low of $35.61 and a 12 month high of $69.70.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.23. The firm had revenue of $504.87 million during the quarter, compared to analyst estimates of $498.05 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 EPS. Analysts forecast that Stride will post 4.31 EPS for the current fiscal year.

Institutional Trading of Stride

A number of hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Stride by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock valued at $1,192,000 after buying an additional 182 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after purchasing an additional 215 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Stride by 25.9% in the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after purchasing an additional 282 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Stride by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 118,365 shares of the company’s stock worth $7,027,000 after purchasing an additional 318 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Stride by 51.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock worth $40,000 after purchasing an additional 346 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

About Stride

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.