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

Stride (NYSE:LRN) had its target price boosted by investment analysts at Barrington Research from $150.00 to $170.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 12.82% from the stock’s previous close.

Several other brokerages have also recently issued reports on LRN. Canaccord Genuity Group lifted their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday. William Blair restated an “outperform” rating on shares of Stride in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.83.

Stride Stock Performance

LRN opened at $150.68 on Wednesday. The business has a 50 day moving average price of $131.19 and a two-hundred day moving average price of $116.90. 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 company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. Stride has a 1-year low of $63.25 and a 1-year high of $151.41.

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

Institutional Trading of Stride

Several large investors have recently added to or reduced their stakes in LRN. First Horizon Advisors Inc. grew its holdings in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after buying an additional 156 shares in the last quarter. R Squared Ltd purchased a new position in Stride during the 4th quarter valued at about $37,000. Fifth Third Bancorp increased its holdings in shares of Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company’s stock valued at $48,000 after purchasing an additional 235 shares during the period. CIBC Private Wealth Group LLC lifted its position 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 worth $42,000 after purchasing an additional 178 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Stride during the fourth quarter worth approximately $41,000. 98.24% of the stock is owned by institutional investors and hedge funds.

About Stride

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.