Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a note issued to investors on Wednesday, Benzinga reports. They currently have a $75.00 price objective on the stock. Barrington Research’s price target would indicate a potential upside of 29.87% from the company’s previous close.

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

Stride Trading Down 0.4 %

Shares of NYSE LRN traded down $0.23 during midday trading on Wednesday, hitting $57.75. The stock had a trading volume of 327,084 shares, compared to its average volume of 740,574. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.68 and a beta of 0.26. Stride has a 1-year low of $35.61 and a 1-year high of $69.70. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $60.58 and a 200 day moving average price of $57.82.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.23. The business had revenue of $504.87 million for the quarter, compared to analyst estimates of $498.05 million. Stride had a return on equity of 17.77% and a net margin of 8.80%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. On average, analysts predict that Stride will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock valued at $210,160,000 after acquiring an additional 506,211 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stride by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,844,052 shares of the company’s stock valued at $103,323,000 after acquiring an additional 20,806 shares during the last quarter. Geode Capital Management LLC boosted its position in Stride by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 806,804 shares of the company’s stock valued at $30,037,000 after purchasing an additional 34,233 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Stride by 16.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 799,579 shares of the company’s stock valued at $29,049,000 after purchasing an additional 111,340 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Stride by 8.4% during the 4th quarter. Nuveen Asset Management LLC now owns 697,560 shares of the company’s stock valued at $39,752,000 after purchasing an additional 54,312 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.