Stride (NYSE:LRN) Price Target Raised to $130.00 at Barrington Research

Stride (NYSE:LRN) had its price target increased by Barrington Research from $100.00 to $130.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group upped their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $102.50.

Stride Price Performance

NYSE LRN opened at $113.90 on Friday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.84 and a beta of 0.32. Stride has a 12 month low of $54.81 and a 12 month high of $115.42. The company’s 50 day moving average is $106.47 and its two-hundred day moving average is $88.52. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its 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. The company had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. Stride’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, research analysts anticipate that Stride will post 6.64 earnings per share for the current year.

Insider Activity at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now directly owns 85,058 shares of the company’s stock, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stride

A number of institutional investors and hedge funds have recently modified their holdings of LRN. Crossmark Global Holdings Inc. lifted its position in Stride by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after buying an additional 121 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Stride by 4.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock valued at $319,000 after acquiring an additional 121 shares during the period. Amalgamated Bank lifted its holdings in shares of Stride by 1.9% in the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after acquiring an additional 235 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Stride by 0.6% during the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after purchasing an additional 242 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Stride by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock valued at $2,850,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.