Stride (NYSE:LRN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Stride (NYSE:LRN) had its price target raised by Canaccord Genuity Group from $145.00 to $155.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 8.75% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Barrington Research upped their target price on shares of Stride from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Stride Price Performance

Shares of LRN stock opened at $142.53 on Monday. 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 12-month low of $63.25 and a 12-month high of $146.49. The firm has a fifty day moving average of $130.70 and a 200-day moving average of $116.17. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.01. Stride had a return on equity of 22.42% and a net margin of 12.30%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. On average, equities research analysts forecast that Stride will post 6.67 earnings per share for the current year.

Hedge Funds Weigh In On Stride

Large investors have recently modified their holdings of the business. Mutual of America Capital Management LLC raised its holdings in Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after acquiring an additional 93 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after purchasing an additional 99 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after buying an additional 100 shares during the last quarter. Finally, Bosun Asset Management LLC raised its position in Stride by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock worth $862,000 after acquiring an additional 111 shares in 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.