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

Stride (NYSE:LRN)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $140.00 price target on the stock. Barrington Research’s price objective indicates a potential upside of 15.77% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group increased their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Trading Up 2.1 %

LRN stock opened at $120.93 on Friday. The company’s 50-day simple moving average is $127.31 and its 200-day simple moving average is $104.58. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride has a 52-week low of $56.17 and a 52-week high of $145.00. The firm has a market cap of $5.27 billion, a P/E ratio of 20.19, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities analysts forecast that Stride will post 6.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LRN. Principal Financial Group Inc. lifted its stake in Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after buying an additional 645,835 shares in the last quarter. Norges Bank acquired a new stake in Stride in the 4th quarter valued at about $45,306,000. Arrowstreet Capital Limited Partnership raised its holdings in Stride by 783.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock valued at $47,095,000 after acquiring an additional 401,838 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after acquiring an additional 375,686 shares during the last quarter. Finally, Cat Rock Capital Management LP acquired a new stake in Stride in the 4th quarter valued at about $36,694,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

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.