Stride's (LRN) "Outperform" Rating Reaffirmed at Barrington Research

Key Points

• Barrington Research has reaffirmed an "outperform" rating for Stride (LRN) with a price target of $185.00, indicating a potential upside of 30.53% from its current price.
• Stride reported quarterly earnings of $2.29 per share, exceeding analysts' expectations and showing a revenue increase of 22.4% year-over-year, with a net margin of 11.97%.
• Insider trading activity included CEO James Jeaho Rhyu selling 13,961 shares at an average price of $162.66, reducing his ownership stake by 1.94%.

Stride (NYSE:LRN - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $185.00 price objective on the stock. Barrington Research's price objective indicates a potential upside of 30.53% from the stock's current price.

LRN has been the subject of a number of other reports. Morgan Stanley lifted their price target on shares of Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $146.40.

Stride Trading Down 1.6%

Shares of NYSE:LRN traded down $2.34 on Tuesday, hitting $141.73. The company had a trading volume of 132,254 shares, compared to its average volume of 776,370. The firm's 50-day simple moving average is $148.64 and its two-hundred day simple moving average is $142.85. Stride has a 1 year low of $63.25 and a 1 year high of $171.17. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 0.83 and a beta of 0.22.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The company had revenue of $653.65 million during the quarter, compared to analysts' expectations of $626.23 million. During the same period last year, the company posted $1.42 EPS. Stride's revenue was up 22.4% on a year-over-year basis. Equities analysts anticipate that Stride will post 6.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer owned 706,353 shares of the company's stock, valued at approximately $114,895,378.98. This trade represents a 1.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. Inspire Investing LLC purchased a new stake in Stride in the 1st quarter valued at about $792,000. DAVENPORT & Co LLC bought a new stake in shares of Stride during the 1st quarter worth $461,000. Swedbank AB raised its position in Stride by 5.4% in the 1st quarter. Swedbank AB now owns 1,009,726 shares of the company's stock worth $127,730,000 after purchasing an additional 52,000 shares during the period. United Services Automobile Association purchased a new position in shares of Stride in the first quarter valued at about $326,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in shares of Stride during the 1st quarter valued at about $273,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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