Stride (NYSE:LRN) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Stride (NYSE:LRN) in a research report report published on Wednesday, Benzinga reports. They currently have a $75.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Wedbush restated an outperform rating on shares of Stride in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Stride from a hold rating to a buy rating in a research report on Tuesday, April 2nd. Morgan Stanley upped their target price on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Citigroup upped their target price on shares of Stride from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, January 29th. Finally, BMO Capital Markets boosted their price target on shares of Stride from $71.00 to $72.00 and gave the stock an outperform rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $71.75.

Stride Stock Performance

NYSE LRN opened at $57.57 on Wednesday. The stock has a market cap of $2.50 billion, a P/E ratio of 14.54, a PEG ratio of 0.67 and a beta of 0.26. Stride has a twelve month low of $35.61 and a twelve month high of $69.70. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43. The company’s 50-day simple moving average is $60.56 and its 200 day simple moving average is $57.81.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.23. The firm had revenue of $504.87 million for the quarter, compared to analyst estimates of $498.05 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, research analysts forecast that Stride will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

A number of institutional investors and hedge funds have recently modified their holdings of LRN. Advisor Group Holdings Inc. increased its stake in Stride by 40.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock valued at $120,000 after purchasing an additional 591 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Stride by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock valued at $8,321,000 after purchasing an additional 47,583 shares in the last quarter. Raymond James & Associates increased its stake in Stride by 9.2% in the first quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock valued at $350,000 after purchasing an additional 814 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Stride by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock valued at $198,000 after purchasing an additional 700 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Stride by 52.5% in the first quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock valued at $848,000 after purchasing an additional 8,035 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.