Stride (NYSE:LRN) Price Target Raised to $155.00

Stride (NYSE:LRN) had its price target increased by Canaccord Genuity Group from $145.00 to $155.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on LRN. Barrington Research boosted their price target on Stride from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. BMO Capital Markets raised their target price on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.83.

Stride Trading Down 0.2 %

Shares of Stride stock opened at $142.24 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The business has a fifty day simple moving average of $130.86 and a two-hundred day simple moving average of $116.35. Stride has a 1 year low of $63.25 and a 1 year high of $148.03. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.04 and a beta of 0.47.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The firm had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same period in the previous year, the company posted $1.60 EPS. Stride’s revenue for the quarter was up 17.8% compared to the same quarter last year. Research analysts forecast that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

A number of hedge funds have recently made changes to their positions in LRN. Tidal Investments LLC boosted its position in Stride by 64.0% during the 3rd quarter. Tidal Investments LLC now owns 8,642 shares of the company’s stock worth $737,000 after buying an additional 3,374 shares during the period. Franklin Resources Inc. raised its stake in Stride by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,816 shares of the company’s stock worth $2,373,000 after buying an additional 3,477 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Stride in the 3rd quarter worth $430,000. GAMMA Investing LLC increased its position in shares of Stride by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 2,468 shares of the company’s stock worth $256,000 after acquiring an additional 407 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Stride by 26.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,723 shares of the company’s stock worth $283,000 after purchasing an additional 570 shares during the last quarter. 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, 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.