Barrington Research Reaffirms Outperform Rating for Stride (NYSE:LRN)

Barrington Research reiterated their outperform rating on shares of Stride (NYSE:LRN) in a research report report published on Friday, Benzinga reports. Barrington Research currently has a $90.00 target price on the stock.

LRN has been the topic of a number of other reports. StockNews.com raised shares of Stride from a hold rating to a buy rating in a report on Friday, August 9th. Canaccord Genuity Group assumed coverage on shares of Stride in a research note on Thursday, August 8th. They issued a buy rating and a $94.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Stride from $79.00 to $82.00 and gave the stock an outperform rating in a research note on Thursday, August 8th. Citigroup cut Stride from a buy rating to a neutral rating and boosted their price target for the company from $77.00 to $90.00 in a research report on Tuesday, August 20th. Finally, Canaccord Genuity Group began coverage on Stride in a research report on Thursday, August 8th. They set a buy rating and a $94.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Stride currently has an average rating of Moderate Buy and an average price target of $85.83.

Stride Trading Down 0.3 %

Shares of NYSE:LRN opened at $84.79 on Friday. Stride has a 52 week low of $43.77 and a 52 week high of $86.06. The company’s 50 day moving average is $78.50 and its two-hundred day moving average is $70.54. The company has a market cap of $3.67 billion, a PE ratio of 19.90, a P/E/G ratio of 0.77 and a beta of 0.26. The company has a current ratio of 5.10, a quick ratio of 4.95 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. The business had revenue of $534.18 million for the quarter, compared to the consensus estimate of $525.89 million. Stride had a return on equity of 19.12% and a net margin of 10.01%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. Equities analysts predict that Stride will post 5.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in shares of Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. Motco acquired a new stake in Stride during the 1st quarter worth approximately $74,000. EntryPoint Capital LLC purchased a new position in Stride in the first quarter valued at approximately $77,000. nVerses Capital LLC acquired a new position in Stride during the second quarter valued at approximately $78,000. Finally, GAMMA Investing LLC grew its stake in Stride by 25.9% during the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.