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

Stride (NYSE:LRN)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a note issued to investors on Wednesday, Benzinga reports. They presently have a $75.00 price target on the stock. Barrington Research’s price target suggests a potential upside of 31.03% from the stock’s previous close.

LRN has been the subject of several other research reports. 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. BMO Capital Markets boosted their price objective on Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Citigroup boosted their price objective on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Morgan Stanley boosted their price objective on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and an average target price of $71.75.

Stride Stock Down 0.6 %

Stride stock opened at $57.24 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The business’s 50-day simple moving average is $60.50 and its two-hundred day simple moving average is $57.81. The company has a market cap of $2.48 billion, a PE ratio of 14.45, a PEG ratio of 0.67 and a beta of 0.26. Stride has a fifty-two week low of $35.61 and a fifty-two week high of $69.70.

Stride (NYSE:LRN) last posted 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 business had revenue of $504.87 million for the quarter, compared to the consensus estimate of $498.05 million. Stride had a return on equity of 17.77% and a net margin of 8.80%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. Equities analysts anticipate that Stride will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Stride

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock worth $210,160,000 after purchasing an additional 506,211 shares during the period. Dimensional Fund Advisors LP increased its stake in Stride by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,844,052 shares of the company’s stock worth $103,323,000 after buying an additional 20,806 shares in the last quarter. Geode Capital Management LLC increased its stake in Stride by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 806,804 shares of the company’s stock worth $30,037,000 after buying an additional 34,233 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Stride by 16.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 799,579 shares of the company’s stock worth $29,049,000 after buying an additional 111,340 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Stride by 8.4% during the 4th quarter. Nuveen Asset Management LLC now owns 697,560 shares of the company’s stock worth $39,752,000 after buying an additional 54,312 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

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.