Barrington Research Raises Stride (NYSE:LRN) Price Target to $130.00

Stride (NYSE:LRN) had its target price raised by Barrington Research from $100.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price would suggest a potential upside of 14.14% from the company’s current price.

LRN has been the topic of a number of other reports. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their target price on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.50.

Stride Stock Performance

NYSE:LRN opened at $113.90 on Friday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.32. Stride has a 1 year low of $54.81 and a 1 year high of $115.42. The firm has a 50 day moving average of $106.47 and a 200-day moving average of $88.66. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Stride will post 6.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mendota Financial Group LLC bought a new position in shares of Stride during the 3rd quarter valued at about $86,000. TD Private Client Wealth LLC boosted its holdings in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the period. GAMMA Investing LLC increased its position in shares of Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after acquiring an additional 643 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after acquiring an additional 420 shares during the period. Finally, Retirement Guys Formula LLC bought a new stake in Stride in the 3rd quarter valued at $203,000. 98.24% of the stock is 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.