Stride (NYSE:LRN) Rating Reiterated by Barrington Research

Barrington Research restated their outperform rating on shares of Stride (NYSE:LRN) in a research note released on Friday morning, Benzinga reports. They currently have a $90.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Canaccord Genuity Group initiated coverage on shares of Stride in a research note on Thursday, August 8th. They set a buy rating and a $94.00 price objective for the company. Citigroup downgraded shares of Stride from a buy rating to a neutral rating and increased their price target for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. StockNews.com upgraded shares of Stride from a hold rating to a buy rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on Stride from $79.00 to $82.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Finally, Canaccord Genuity Group started coverage on Stride in a report on Thursday, August 8th. They issued a buy rating and a $94.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $85.83.

Stride Stock Down 0.6 %

Shares of NYSE LRN opened at $71.35 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. Stride has a 1 year low of $43.77 and a 1 year high of $88.02. The firm’s 50 day moving average price is $80.77 and its 200 day moving average price is $72.39.

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

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently modified their holdings of the stock. Cim LLC purchased a new position in Stride in the 4th quarter worth approximately $213,000. GAMMA Investing LLC boosted its stake in shares of Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after purchasing an additional 282 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Stride in the first quarter valued at $249,000. Allspring Global Investments Holdings LLC grew its holdings in Stride by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,018 shares of the company’s stock valued at $1,830,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Stride by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 231,274 shares of the company’s stock worth $14,582,000 after buying an additional 11,495 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.