Barrington Research Raises Stride (NYSE:LRN) Price Target to $85.00

Stride (NYSE:LRN) had its price target hoisted by Barrington Research from $75.00 to $85.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target points to a potential upside of 12.93% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. StockNews.com upgraded shares of Stride from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Stride Price Performance

NYSE:LRN traded down $0.78 during trading hours on Wednesday, hitting $75.27. The stock had a trading volume of 116,998 shares, compared to its average volume of 688,164. The company has a 50 day simple moving average of $69.58 and a two-hundred day simple moving average of $64.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. Stride has a one year low of $38.01 and a one year high of $76.19. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 0.74 and a beta of 0.28.

Institutional Investors Weigh In On Stride

Large investors have recently modified their holdings of the stock. Nordea Investment Management AB boosted 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 purchasing an additional 34,682 shares in the last quarter. Norges Bank bought a new stake in Stride during the fourth quarter worth about $25,594,000. UniSuper Management Pty Ltd bought a new stake in Stride during the first quarter worth about $555,000. Trexquant Investment LP bought a new stake in Stride during the fourth quarter worth about $1,752,000. Finally, Global Alpha Capital Management Ltd. bought a new stake in Stride during the fourth quarter worth about $2,125,000. Institutional investors own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.