BMO Capital Markets Increases Stride (NYSE:LRN) Price Target to $139.00

Stride (NYSE:LRN) had its price objective hoisted by BMO Capital Markets from $134.00 to $139.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 6.03% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reiterated an “outperform” rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group raised their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.17.

Stride Stock Performance

NYSE:LRN opened at $131.10 on Tuesday. Stride has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a 50 day moving average price of $130.92 and a 200 day moving average price of $108.64. The stock has a market capitalization of $5.71 billion, a P/E ratio of 21.89, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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%. Equities research analysts forecast that Stride will post 6.67 EPS for the current year.

Institutional Trading of Stride

Several large investors have recently modified their holdings of LRN. Asset Management One Co. Ltd. acquired a new stake in shares of Stride during the fourth quarter valued at $5,696,000. Congress Asset Management Co. boosted its position in shares of Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after buying an additional 43,829 shares during the period. Aigen Investment Management LP acquired a new stake in Stride in the fourth quarter valued at approximately $995,000. Truist Financial Corp purchased a new position in Stride in the 4th quarter valued at about $302,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after purchasing an additional 72,518 shares during the last quarter. 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.