Canaccord Genuity Group Forecasts Strong Price Appreciation for Stride (NYSE:LRN) Stock

Stride (NYSE:LRN - Get Free Report) had its target price upped by research analysts at Canaccord Genuity Group from $145.00 to $155.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 10.01% from the company's current price.

Several other research firms also recently issued reports on LRN. BMO Capital Markets upped their target price on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Barrington Research lifted their target price on Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.50.

Stride Trading Up 0.9 %

LRN opened at $140.90 on Monday. Stride has a one year low of $63.25 and a one year high of $146.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.04 and a beta of 0.47. The stock's 50 day moving average price is $130.65 and its 200-day moving average price is $115.50.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, equities analysts forecast that Stride will post 6.67 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Koshinski Asset Management Inc. raised its holdings in Stride by 49.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,394 shares of the company's stock worth $556,000 after purchasing an additional 1,460 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in Stride in the 1st quarter valued at $273,000. Kendall Capital Management increased its holdings in Stride by 1.6% in the 1st quarter. Kendall Capital Management now owns 23,515 shares of the company's stock worth $2,975,000 after acquiring an additional 380 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Stride by 17.9% during the first quarter. New York State Teachers Retirement System now owns 23,673 shares of the company's stock valued at $2,995,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Stride in the first quarter valued at about $5,206,000. Institutional investors and hedge funds 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.

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