Stride (NYSE:LRN) PT Raised to $88.00 at BMO Capital Markets

Stride (NYSE:LRN) had its target price upped by equities research analysts at BMO Capital Markets from $84.00 to $88.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential downside of 3.59% from the company’s current price.

LRN has been the topic of a number of other reports. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price target on the stock. Citigroup lowered Stride from a “buy” rating to a “neutral” rating and upped their target price for the company from $77.00 to $90.00 in a research report on Tuesday, August 20th. Canaccord Genuity Group raised their price target on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Barrington Research upped their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.50.

Stride Price Performance

Shares of LRN stock opened at $91.28 on Thursday. The stock’s 50-day moving average is $79.68 and its 200 day moving average is $73.01. Stride has a 1-year low of $51.75 and a 1-year high of $92.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The company has a market cap of $3.95 billion, a P/E ratio of 16.60, a PEG ratio of 0.64 and a beta of 0.26.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.76%. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Research analysts predict that Stride will post 5.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stride

A number of institutional investors have recently bought and sold shares of LRN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Stride by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,018 shares of the company’s stock valued at $1,830,000 after acquiring an additional 1,287 shares during the last quarter. Principal Financial Group Inc. grew its position in Stride by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 231,274 shares of the company’s stock worth $14,582,000 after purchasing an additional 11,495 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Stride by 17.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,262 shares of the company’s stock valued at $1,971,000 after buying an additional 4,546 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Stride by 48.9% during the 1st quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock valued at $6,698,000 after buying an additional 34,682 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Stride by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 34,831 shares of the company’s stock valued at $2,196,000 after buying an additional 496 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

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.