Shares of Stride, Inc. (NYSE:LRN – Get Free Report) hit a new 52-week high during mid-day trading on Thursday after BMO Capital Markets raised their price target on the stock from $84.00 to $88.00. BMO Capital Markets currently has an outperform rating on the stock. Stride traded as high as $90.29 and last traded at $90.14, with a volume of 63092 shares traded. The stock had previously closed at $89.71.
LRN has been the subject of a number of other reports. Canaccord Genuity Group increased their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup downgraded Stride from a “buy” rating to a “neutral” rating and raised their price objective for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Barrington Research raised their price objective on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group began coverage on Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.50.
View Our Latest Analysis on Stride
Institutional Investors Weigh In On Stride
Stride Stock Up 2.9 %
The firm has a fifty day moving average price of $79.51 and a 200-day moving average price of $72.80. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 0.74 and a beta of 0.26.
Stride (NYSE:LRN – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 19.12% and a net margin of 10.01%. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that Stride, Inc. will post 5.05 EPS for the current year.
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.
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