Stride (NYSE:LRN) Rating Reiterated by Barrington Research

Stride (NYSE:LRN - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Barrington Research in a report issued on Wednesday, Benzinga reports. They currently have a $75.00 price target on the stock. Barrington Research's target price would suggest a potential upside of 30.28% from the company's current price.

Several other equities analysts have also recently weighed in on the company. Wedbush reissued an "outperform" rating on shares of Stride in a report on Wednesday, January 24th. StockNews.com raised Stride from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. Morgan Stanley raised their target price on Stride from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. Citigroup raised their target price on Stride from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Finally, BMO Capital Markets raised their target price on Stride from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.75.

Stride Stock Down 0.7 %

LRN traded down $0.41 during trading on Wednesday, hitting $57.57. 840,209 shares of the company's stock traded hands, compared to its average volume of 749,557. The company's 50 day simple moving average is $60.56 and its two-hundred day simple moving average is $57.81. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. Stride has a 12-month low of $35.61 and a 12-month high of $69.70. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.68 and a beta of 0.26.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.23. The firm had revenue of $504.87 million for the quarter, compared to analysts' expectations of $498.05 million. Stride had a return on equity of 17.77% and a net margin of 8.80%. The company's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. Analysts predict that Stride will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently bought and sold shares of the business. Ronald Blue Trust Inc. raised its holdings in Stride by 348.1% during the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company's stock valued at $26,000 after acquiring an additional 449 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Stride during the fourth quarter valued at about $29,000. UBS Group AG bought a new stake in Stride during the second quarter valued at about $30,000. McIlrath & Eck LLC bought a new stake in Stride during the third quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC raised its holdings in Stride by 51.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company's stock valued at $40,000 after acquiring an additional 346 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Company Profile

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.