Stride’s (LRN) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Stride (NYSE:LRN) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $125.00 price objective on the stock.

A number of other analysts also recently issued reports on LRN. Canaccord Genuity Group raised their price objective on Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. BMO Capital Markets set a $108.00 target price on shares of Stride and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Morgan Stanley decreased their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Zacks Research cut shares of Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.75.

Stride Stock Up 0.3%

LRN stock opened at $73.17 on Wednesday. The firm has a market cap of $3.21 billion, a PE ratio of 11.29, a PEG ratio of 0.44 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 6.69 and a current ratio of 6.78. The firm’s 50 day moving average price is $65.95 and its 200-day moving average price is $111.88. Stride has a one year low of $60.61 and a one year high of $171.17.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. The company had revenue of $620.88 million during the quarter, compared to analyst estimates of $615.50 million. Stride had a return on equity of 26.29% and a net margin of 12.76%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts anticipate that Stride will post 6.67 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRN. Asset Management One Co. Ltd. increased its position in Stride by 33.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 43,033 shares of the company’s stock worth $6,248,000 after purchasing an additional 10,870 shares during the period. SG Capital Management LLC purchased a new stake in shares of Stride in the second quarter valued at approximately $5,859,000. Invesco Ltd. grew its holdings in Stride by 10.3% during the second quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after acquiring an additional 165,775 shares during the period. Norges Bank purchased a new position in Stride in the second quarter worth $92,858,000. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Stride during the 2nd quarter worth $865,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.