Stride (NYSE:LRN) Price Target Raised to $140.00

Stride (NYSE:LRN) had its price objective boosted by Barrington Research from $130.00 to $140.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 6.96% from the company’s current price.

A number of other research firms have also recently weighed in on LRN. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their target price on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group boosted their target price on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley upped their target price 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. Finally, Citigroup lifted their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $109.17.

Stride Trading Up 8.5 %

Shares of Stride stock traded up $10.25 during trading hours on Wednesday, hitting $130.89. The company’s stock had a trading volume of 686,624 shares, compared to its average volume of 876,560. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.88 and a beta of 0.32. The firm has a fifty day moving average of $108.82 and a 200-day moving average of $91.29. Stride has a twelve month low of $54.81 and a twelve month high of $132.88.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 11.38% and a return on equity of 21.23%. Research analysts forecast that Stride will post 6.64 EPS for the current year.

Institutional Trading of Stride

Several large investors have recently modified their holdings of the business. Sei Investments Co. grew its holdings in shares of Stride by 0.6% during the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after buying an additional 242 shares in the last quarter. Marshall Wace LLP acquired a new stake in Stride in the 2nd quarter valued at $230,000. The Manufacturers Life Insurance Company lifted its stake in shares of Stride by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company’s stock worth $1,681,000 after purchasing an additional 822 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Stride in the second quarter valued at about $374,000. Finally, Sanctuary Advisors LLC acquired a new position in Stride during the 2nd quarter worth approximately $534,000. 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.