Stride (NYSE:LRN) Price Target Raised to $130.00 at Canaccord Genuity Group

Stride (NYSE:LRN) had its price objective hoisted by research analysts at Canaccord Genuity Group from $100.00 to $130.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 7.88% from the company’s previous close.

Several other brokerages also recently issued reports on LRN. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barrington Research increased their price target on Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.50.

Stride Price Performance

Shares of LRN opened at $120.50 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. Stride has a 1-year low of $54.81 and a 1-year high of $121.40. The stock has a market cap of $5.25 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.32. The firm has a fifty day moving average price of $108.82 and a 200 day moving average price of $91.29.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 21.23% and a net margin of 11.38%. As a group, sell-side analysts anticipate that Stride will post 6.64 EPS for the current year.

Hedge Funds Weigh In On Stride

A number of institutional investors and hedge funds have recently made changes to their positions in LRN. WCM Investment Management LLC purchased a new stake in Stride during the fourth quarter worth about $20,850,000. Entropy Technologies LP boosted its stake in shares of Stride by 47.2% during the 4th quarter. Entropy Technologies LP now owns 7,623 shares of the company’s stock worth $792,000 after acquiring an additional 2,445 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Stride in the 4th quarter worth approximately $1,683,000. Advisors Preferred LLC purchased a new position in Stride in the 4th quarter valued at approximately $708,000. Finally, Bleakley Financial Group LLC raised its holdings in Stride by 14.2% during the fourth quarter. Bleakley Financial Group LLC now owns 4,400 shares of the company’s stock worth $457,000 after purchasing an additional 547 shares during the last quarter. 98.24% of the stock is 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.