Canaccord Genuity Group Raises Stride (NYSE:LRN) Price Target to $130.00

Stride (NYSE:LRN) had its price objective upped by equities researchers at Canaccord Genuity Group from $100.00 to $130.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 8.85% from the stock’s current price.

LRN has been the subject of several other reports. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barrington Research boosted their price target on Stride from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, BMO Capital Markets increased their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

Stride Stock Up 0.3 %

Shares of Stride stock opened at $119.43 on Monday. Stride has a 52-week low of $54.81 and a 52-week high of $120.60. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.21 billion, a P/E ratio of 21.71, a P/E/G ratio of 0.88 and a beta of 0.32. The company has a 50 day moving average of $108.10 and a 200 day moving average of $90.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after purchasing an additional 113 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Stride by 3.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after acquiring an additional 121 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Stride by 4.1% during the 4th quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock valued at $319,000 after buying an additional 121 shares during the period. Blue Trust Inc. increased its position in Stride by 1.2% in the 4th quarter. Blue Trust Inc. now owns 11,672 shares of the company’s stock worth $1,213,000 after purchasing an additional 141 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after purchasing an additional 235 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

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.