Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Stride (NYSE:LRN - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They presently have a $170.00 price target on the stock. Barrington Research's price target points to a potential upside of 31.27% from the stock's previous close.

A number of other research firms also recently weighed in on LRN. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.83.

Stride Price Performance

Shares of NYSE:LRN traded down $1.22 on Thursday, hitting $129.50. The stock had a trading volume of 196,547 shares, compared to its average volume of 777,555. The firm's 50 day moving average price is $143.46 and its 200-day moving average price is $135.79. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.53 and a current ratio of 5.61. Stride has a twelve month low of $63.25 and a twelve month high of $162.30.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.07). The firm had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. The business's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 earnings per share. On average, equities research analysts predict that Stride will post 6.67 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after purchasing an additional 160 shares during the period. First Horizon Advisors Inc. raised its stake in Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after purchasing an additional 156 shares during the period. Harbour Investments Inc. raised its stake in Stride by 374.6% during the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after purchasing an additional 266 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Stride during the 1st quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. raised its stake in Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company's stock valued at $43,000 after purchasing an additional 131 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.