Barrington Research Forecasts Strong Price Appreciation for Stride (NYSE:LRN) Stock

Stride (NYSE:LRN) had its price target raised by stock analysts at Barrington Research from $140.00 to $150.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price would suggest a potential upside of 10.40% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their target price on Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.83.

Stride Trading Up 0.3 %

Stride stock traded up $0.41 during mid-day trading on Thursday, hitting $135.87. 355,107 shares of the company’s stock were exchanged, compared to its average volume of 835,128. The company’s 50 day simple moving average is $131.02 and its 200-day simple moving average is $112.22. 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 capitalization of $5.92 billion, a P/E ratio of 22.68, a PEG ratio of 1.04 and a beta of 0.47. Stride has a fifty-two week low of $56.17 and a fifty-two week high of $145.00.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, equities analysts anticipate that Stride will post 6.67 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LRN. R Squared Ltd bought a new stake in Stride during the fourth quarter worth about $37,000. Point72 Hong Kong Ltd bought a new stake in shares of Stride during the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC grew its stake in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after buying an additional 178 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company’s stock valued at $48,000 after buying an additional 235 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company’s stock worth $66,000 after buying an additional 215 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.