Brokerages Set Stride, Inc. (NYSE:LRN) Target Price at $116.83

Shares of Stride, Inc. (NYSE:LRN) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $116.83.

Several research firms have issued reports on LRN. Canaccord Genuity Group upped their price target on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets upped their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barrington Research upped their price target on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Citigroup upped their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

Stride Stock Performance

Shares of LRN stock opened at $139.37 on Friday. The company’s fifty day simple moving average is $116.17 and its 200-day simple moving average is $96.55. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.07 billion, a PE ratio of 23.27, a P/E/G ratio of 1.04 and a beta of 0.32. Stride has a 12 month low of $54.81 and a 12 month high of $145.00.

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

Hedge Funds Weigh In On Stride

Several large investors have recently modified their holdings of LRN. Sanctuary Advisors LLC acquired a new position in shares of Stride in the second quarter valued at about $534,000. B. Riley Wealth Advisors Inc. acquired a new stake in Stride during the third quarter worth about $430,000. Robeco Institutional Asset Management B.V. acquired a new stake in Stride during the fourth quarter worth about $340,000. Quest Partners LLC grew its stake in Stride by 20,248.8% during the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after buying an additional 8,302 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Stride by 8,431.7% during the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after buying an additional 5,059 shares in the last quarter. 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.