Barrington Research Reaffirms Outperform Rating for Stride (NYSE:LRN)

Barrington Research reaffirmed their outperform rating on shares of Stride (NYSE:LRN) in a research report released on Wednesday, Benzinga reports. Barrington Research currently has a $75.00 price target on the stock.

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

Stride Trading Down 1.3 %

NYSE:LRN opened at $56.51 on Wednesday. Stride has a 12-month low of $35.61 and a 12-month high of $69.70. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $60.38 and its 200-day simple moving average is $57.89. The firm has a market cap of $2.45 billion, a P/E ratio of 14.27, a PEG ratio of 0.66 and a beta of 0.26.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.23. The company had revenue of $504.87 million for the quarter, compared to analysts’ expectations of $498.05 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. Stride’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Equities analysts anticipate that Stride will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Stride

Institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in Stride during the 4th quarter worth $29,000. Ronald Blue Trust Inc. lifted its position in shares of Stride by 348.1% during the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 449 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Stride in the third quarter valued at $31,000. UBS Group AG acquired a new stake in Stride during the 2nd quarter valued at $30,000. Finally, Strs Ohio purchased a new stake in Stride during the 4th quarter worth $47,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

About Stride

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.