Barrington Research Issues Positive Forecast for Stride (NYSE:LRN) Stock Price

Stride (NYSE:LRN) had its price target increased by research analysts at Barrington Research from $130.00 to $140.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 6.96% from the company’s current price.

LRN has been the subject of a number of other reports. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group upped their target price on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday. Citigroup lifted their price target on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $109.17.

Stride Stock Performance

Shares of Stride stock traded up $10.25 on Wednesday, reaching $130.89. 686,624 shares of the company were exchanged, compared to its average volume of 876,560. Stride has a 1-year low of $54.81 and a 1-year high of $132.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The company’s 50-day moving average is $108.82 and its two-hundred day moving average is $91.29. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.88 and a beta of 0.32.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 11.38% and a return on equity of 21.23%. As a group, research analysts expect that Stride will post 6.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stride

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Stride during the 4th quarter worth $37,000. Mendota Financial Group LLC acquired a new position in Stride during the third quarter worth $86,000. KBC Group NV lifted its position in shares of Stride by 68.5% in the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after buying an additional 769 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in shares of Stride during the 4th quarter valued at about $205,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.