Barrington Research Reaffirms Outperform Rating for Stride (NYSE:LRN)

Barrington Research reaffirmed their outperform rating on shares of Stride (NYSE:LRN) in a report published on Friday, Benzinga reports. The brokerage currently has a $90.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on LRN. Citigroup cut shares of Stride from a buy rating to a neutral rating and upped their price target for the company from $77.00 to $90.00 in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on Stride from $79.00 to $82.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. 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. StockNews.com raised Stride from a hold rating to a buy rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group began coverage on shares of Stride in a research note on Thursday, August 8th. They issued a buy rating and a $94.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Stride presently has a consensus rating of Moderate Buy and an average target price of $85.83.

Stride Stock Performance

Shares of LRN stock opened at $85.03 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 19.96, a PEG ratio of 0.77 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. Stride has a fifty-two week low of $43.77 and a fifty-two week high of $86.06. The stock’s 50-day moving average is $78.21 and its two-hundred day moving average is $70.37.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.15. Stride had a return on equity of 19.12% and a net margin of 10.01%. The company had revenue of $534.18 million for the quarter, compared to analyst estimates of $525.89 million. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Analysts predict that Stride will post 5.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Several large investors have recently bought and sold shares of LRN. nVerses Capital LLC acquired a new stake in shares of Stride in the 2nd quarter valued at about $78,000. Quadrant Capital Group LLC raised its position in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after buying an additional 483 shares during the last quarter. Motco bought a new stake in Stride in the 1st quarter valued at approximately $74,000. EntryPoint Capital LLC acquired a new position in Stride during the 1st quarter worth approximately $77,000. Finally, GAMMA Investing LLC grew its stake in shares of Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after acquiring an additional 282 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

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.