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

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

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

Stride Stock Up 8.6 %

NYSE LRN opened at $63.20 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44. The company’s 50 day simple moving average is $60.26 and its 200 day simple moving average is $58.25. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The company has a market capitalization of $2.74 billion, a P/E ratio of 14.84, a PEG ratio of 0.67 and a beta of 0.26.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.86%. The business had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts expect that Stride will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Hedge funds have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. bought a new position in shares of Stride in the 4th quarter valued at about $29,000. Ronald Blue Trust Inc. boosted its stake in shares of Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 449 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Stride in the 3rd quarter valued at about $31,000. Strs Ohio bought a new position in shares of Stride in the 4th quarter valued at about $47,000. Finally, GAMMA Investing LLC bought a new position in shares of Stride in the 4th quarter valued at about $65,000. Institutional investors own 98.24% of the company’s stock.

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.